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

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

Bridger Aerospace Group Stock Performance

Shares of Bridger Aerospace Group stock traded down $0.08 during mid-day trading on Wednesday, hitting $3.13. 20,747 shares of the stock were exchanged, compared to its average volume of 27,817. Bridger Aerospace Group has a 12 month low of $2.81 and a 12 month high of $9.19. The company has a 50-day simple moving average of $3.52 and a 200 day simple moving average of $4.41. The company has a market capitalization of $147.15 million, a P/E ratio of -1.84 and a beta of -0.14.

Analysts Set New Price Targets

BAER has been the subject of several recent research reports. Canaccord Genuity Group reiterated a “buy” rating and set a $5.25 price target on shares of Bridger Aerospace Group in a report on Tuesday. Canaccord Genuity Group assumed coverage on shares of Bridger Aerospace Group in a report on Monday, June 24th. They set a “buy” rating and a $5.50 price objective on the stock.

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.