Bridger Aerospace Group (NASDAQ:BAER) Issues Earnings Results, Misses Expectations By $0.08 EPS

Bridger Aerospace Group (NASDAQ:BAER) announced its quarterly earnings data on Monday. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.08), Yahoo Finance reports. The business had revenue of $13.01 million for the quarter. Bridger Aerospace Group updated its FY 2024 guidance to EPS.

Bridger Aerospace Group Price Performance

Shares of BAER stock traded up $0.12 during trading hours on Tuesday, reaching $3.46. The company had a trading volume of 2,210 shares, compared to its average volume of 27,759. The business has a fifty day simple moving average of $3.54 and a 200-day simple moving average of $4.43. Bridger Aerospace Group has a 12 month low of $2.81 and a 12 month high of $9.19. The company has a market cap of $162.67 million, a price-to-earnings ratio of -1.91 and a beta of -0.14.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BAER shares. Canaccord Genuity Group initiated coverage on Bridger Aerospace Group in a report on Monday, June 24th. They set a “buy” rating and a $5.50 target price on the stock. Canaccord Genuity Group lowered their price target on Bridger Aerospace Group from $5.50 to $5.25 and set a “buy” rating for the company in a report on Tuesday, July 2nd.

Bridger Aerospace Group Company Profile

Bridger Aerospace Group Holdings, Inc provides aerial wildfire management, relief and suppression, and firefighting services to federal and state government agencies in the United States. It offers fire suppression services, such as direct fire suppression aerial firefighting support services for ground crew to drop large amounts of water quickly and directly on wildfires.