Bigbear.Ai Holdings Inc Steady Today At $1.54 After Earnings Beat

Bigbear.Ai Holdings Inc (BBAI) said after close Tuesday that it earned $0.03 per share in quarter three 2023.

On the revenue line, the company reported $34 million, missing estimates by $7.8 million.

In the same quarter a year ago, the company lost $0.11 per share on revenue of $40.7 million.

The stock is steady today at $1.54 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 67. Meanwhile, the average Wall Street analyst rated the stock a Buy.

BigBear.ai Holdings Inc is engaged in decision dominance serving the national defense and intelligence communities. It operationalizes artificial intelligence and machine learning at scale through its end-to-end data analytics platform. The company uses its proprietary AI/ML technology to support its customer's decision-making processes and deliver practical solutions that work in complex, realistic, and imperfect data environments.