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

Bridger Aerospace Group (NASDAQ:BAER) announced its quarterly earnings results 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. 2,210 shares of the stock were exchanged, compared to its average volume of 27,759. Bridger Aerospace Group has a 12-month low of $2.81 and a 12-month high of $9.19. The business’s fifty day moving average is $3.54 and its two-hundred day moving average is $4.43. The firm has a market capitalization of $162.67 million, a P/E ratio of -1.91 and a beta of -0.14.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BAER shares. Canaccord Genuity Group assumed coverage on shares of Bridger Aerospace Group in a research note on Monday, June 24th. They set a “buy” rating and a $5.50 price target for the company. Canaccord Genuity Group decreased their target price on shares of Bridger Aerospace Group from $5.50 to $5.25 and set a “buy” rating for the company in a research report on Tuesday, July 2nd.

About Bridger Aerospace Group

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.