BigBear.ai Falls 3.28% as Major Indexes Advance
The shares closed at $2.65, while Zacks consensus estimates point to higher quarterly revenue and a smaller per-share loss year over year.
BigBear.ai shares fell 3.28% to $2.65 in the latest session, even as major U.S. indexes rose. The S&P 500 gained 0.73%, the Dow added 0.49% and the Nasdaq climbed 1.19%.
Investors are watching for the company’s upcoming earnings disclosure. Zacks consensus estimates put quarterly earnings at a loss of 5 cents per share and revenue at $38.11 million. The revenue estimate is 15% above the year-ago quarter, according to Zacks.
For the full fiscal year, Zacks estimates a loss of 27 cents per share and revenue of $146.97 million. The publisher said those estimates represent changes of plus 67.07% and plus 15.12%, respectively, from the prior year.
Zacks reported no change in its consensus earnings-per-share estimate over the past month. The source did not provide a date for BigBear.ai’s upcoming earnings disclosure.
This article was produced with the help of AI technology. Source: Yahoo Finance
