BlackBerry (NYSE:BB) Updates FY25 Earnings Guidance

BlackBerry (NYSE:BB) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $(0.07)-$(0.03) for the period, compared to the consensus earnings per share estimate of ($0.07). The company issued revenue guidance of $586-616 million, compared to the consensus revenue estimate of $592.13 million. BlackBerry also updated its FY 2025 guidance to -0.070–0.030 EPS.

BlackBerry Stock Performance

Shares of BB opened at $2.50 on Friday. BlackBerry has a one year low of $2.20 and a one year high of $5.75. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a 50-day moving average price of $2.76 and a 200 day moving average price of $2.96.

BlackBerry (NYSE:BB) last released its earnings results on Wednesday, June 26th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. BlackBerry had a negative return on equity of 6.30% and a negative net margin of 25.80%. The company had revenue of $144.00 million for the quarter, compared to the consensus estimate of $132.05 million. During the same quarter last year, the business posted $0.04 EPS. BlackBerry’s quarterly revenue was down 61.4% compared to the same quarter last year. On average, equities analysts forecast that BlackBerry will post -0.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Robert W. Baird reduced their target price on BlackBerry from $3.50 to $3.00 and set a neutral rating on the stock in a report on Thursday. CIBC raised BlackBerry from a neutral rating to a sector outperform rating and set a $3.50 target price on the stock in a report on Thursday. TD Securities cut their price target on BlackBerry from $3.00 to $2.75 and set a hold rating on the stock in a report on Thursday. Canaccord Genuity Group reduced their price objective on BlackBerry from $3.25 to $2.70 and set a hold rating for the company in a research report on Thursday. Finally, Raymond James dropped their target price on BlackBerry from $5.50 to $4.75 and set a market perform rating on the stock 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 assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $3.20.

About BlackBerry

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.