BigBear.ai Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• BigBear.ai Holdings Inc BBAI.N reported a quarterly adjusted loss of 49 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of three analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -7 cents to -6 cents per share.

• Revenue fell 18.4% to $32.47 million from a year ago; analysts expected $40.56 million.

• BigBear.ai Holdings Inc's reported EPS for the quarter was a loss of 71 cents​.

• The company reported a quarterly loss of $228.62 million.

• BigBear.ai Holdings Inc shares had risen by 5.2% this quarter and gained 60.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for BigBear.ai Holdings Inc is $4.25, about 66.8% below its last closing price of $7.09

This summary was machine generated from LSEG data August 11 at 10:05 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)