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

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

Bridger Aerospace Group Stock Performance

Shares of NASDAQ BAER opened at $3.32 on Wednesday. The firm has a market capitalization of $156.09 million, a price-to-earnings ratio of -1.83 and a beta of -0.14. The stock has a 50 day moving average price of $3.52 and a 200 day moving average price of $4.41. Bridger Aerospace Group has a 52-week low of $2.81 and a 52-week high of $9.19.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Canaccord Genuity Group reiterated a “buy” rating and issued a $5.25 price target on shares of Bridger Aerospace Group in a research report on Tuesday. Canaccord Genuity Group started coverage on Bridger Aerospace Group in a research report on Monday, June 24th. They set a “buy” rating and a $5.50 target price for the company.

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.