BlackBerry (NYSE:BB) Releases Q3 Earnings Guidance

BlackBerry (NYSE:BB) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $(0.01)-$0.01 for the period, compared to the consensus earnings per share estimate of ($0.01). The company issued revenue guidance of $146-154 million, compared to the consensus revenue estimate of $149.98 million. BlackBerry also updated its FY 2025 guidance to -0.050–0.020 EPS.

BlackBerry Trading Down 1.0 %

BB stock opened at $2.52 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.26. BlackBerry has a 52 week low of $2.01 and a 52 week high of $4.90. The business has a 50-day simple moving average of $2.35 and a 200 day simple moving average of $2.60.

BlackBerry (NYSE:BB) last posted its quarterly earnings results on Thursday, September 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02. BlackBerry had a negative net margin of 25.80% and a negative return on equity of 6.43%. The business had revenue of $145.00 million for the quarter, compared to analyst estimates of $138.82 million. During the same quarter last year, the business posted ($0.06) EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts predict that BlackBerry will post -0.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BB. Raymond James lowered their price objective on BlackBerry from $5.50 to $4.75 and set a market perform rating for the company in a research report on Friday, June 28th. Cibc World Mkts upgraded BlackBerry from a hold rating to a strong-buy rating in a report on Thursday, June 27th. CIBC upgraded shares of BlackBerry from a neutral rating to a sector outperform rating and set a $3.50 price objective for the company in a research note on Thursday, June 27th. TD Securities dropped their price target on BlackBerry from $3.00 to $2.75 and set a hold rating on the stock in a research note on Thursday, June 27th. Finally, Royal Bank of Canada reissued a sector perform rating and issued a $3.00 price target on shares of BlackBerry in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $3.20.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.