BigBear.ai Hldgs Earnings Preview
Portfolio Pulse from Benzinga Insights
BigBear.ai Hldgs (NYSE:BBAI) is scheduled to release its quarterly earnings report on March 7, 2024, with an estimated EPS of $-0.05. Despite historical earnings beats, the company's stock price has typically dropped following earnings announcements. Over the last year, BBAI shares have increased by 79.54%, trading at $3.75 as of March 5. Investors are looking for positive guidance for the next quarter.
March 06, 2024 | 4:01 pm
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NEGATIVE IMPACT
BigBear.ai Hldgs is expected to report an EPS of $-0.05 for the upcoming quarter. Historically, the company's stock price has dropped following earnings announcements, despite beating estimates.
Given the historical trend of stock price drops following earnings announcements, even after beating EPS estimates, it's likely that BBAI's stock price may experience a short-term decline post-earnings. The anticipation of positive future guidance could mitigate this impact, but investor sentiment has historically leaned towards a negative reaction in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100