BigBear.ai Holdings Inc (NYSE: BBAI) saw its stock plunge 5.09% in the past 24 hours, following a recent earnings release that missed analysts' expectations and led to lowered forecasts for the company's future performance.
According to the news report, BBAI's latest annual results fell short of estimates, with revenues of $158 million missing expectations and a net loss of $1.10 per share, which was 51% larger than analysts had predicted. These disappointing figures have prompted analysts to revise their forecasts for the company.
Analysts now expect BBAI's revenue growth to slow down to 7.5% in 2025, significantly lower than the historical growth rate of 10% and underperforming the industry average of 9.1%. Additionally, analysts have cut their price targets for BBAI's stock, suggesting greater pessimism about the company's intrinsic value. The report also highlights concerns about BBAI's ability to turn profitable, with losses per share now expected to increase in 2025.
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