Bridger Aerospace Group (NASDAQ:BAER) Posts Earnings Results, Misses Expectations By $0.02 EPS

Bridger Aerospace Group (NASDAQ:BAER) issued its quarterly earnings results on Monday. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.02), Zacks reports. The firm had revenue of $15.59 million during the quarter, compared to analysts’ expectations of $9.70 million. During the same quarter in the prior year, the company posted ($0.67) earnings per share.

Bridger Aerospace Group Price Performance

NASDAQ BAER opened at $1.73 on Wednesday. The business’s fifty day moving average price is $2.38 and its 200-day moving average price is $2.53. The stock has a market capitalization of $93.50 million, a price-to-earnings ratio of -1.26 and a beta of -0.14. Bridger Aerospace Group has a 1-year low of $1.43 and a 1-year high of $6.20.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their price objective on Bridger Aerospace Group from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday.

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.