BlackBerry (NYSE:BB) Updates Q4 Earnings Guidance

BlackBerry (NYSE:BB) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $(0.02)-$0.00 for the period, compared to the consensus EPS estimate of $0.01. BlackBerry also updated its FY 2025 guidance to -0.020-0.000 EPS.

BlackBerry Trading Up 23.8 %

BB opened at $3.69 on Friday. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of -14.76 and a beta of 1.43. The company’s 50 day simple moving average is $2.56 and its two-hundred day simple moving average is $2.46. BlackBerry has a 1-year low of $2.01 and a 1-year high of $3.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 1.44.

BlackBerry (NYSE:BB) last issued its earnings results on Thursday, December 19th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $143.00 million during the quarter, compared to the consensus estimate of $144.84 million. BlackBerry had a negative return on equity of 3.38% and a negative net margin of 21.66%. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the company earned $0.01 EPS. Analysts expect that BlackBerry will post -0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BB shares. CIBC lifted their price target on shares of BlackBerry from $3.50 to $3.60 and gave the company an “outperform” rating in a research report on Thursday, October 17th. TD Cowen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and lifted their target price for the company from $3.25 to $4.00 in a report on Friday. TD Securities upgraded BlackBerry from a “hold” rating to a “buy” rating and upped their price target for the stock from $3.25 to $4.00 in a research note on Friday. StockNews.com upgraded BlackBerry from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Finally, Royal Bank of Canada boosted their price objective on BlackBerry from $3.00 to $3.25 and gave the company a “sector perform” rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $3.60.

Insider Activity at BlackBerry

In other BlackBerry news, insider Philip S. Kurtz sold 15,005 shares of the firm’s stock in a transaction dated Saturday, September 28th. The stock was sold at an average price of $2.53, for a total transaction of $37,962.65. Following the transaction, the insider now owns 30,129 shares of the company’s stock, valued at approximately $76,226.37. This trade represents a 33.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

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.