BlackBerry (NYSE:BB) Issues 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.

Analysts Set New Price Targets

A number of analysts recently issued reports on BB shares. Canaccord Genuity Group lowered their target price on BlackBerry from $3.25 to $2.70 and set a hold rating on the stock in a research 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 target for the company in a research note on Thursday, June 27th. Canaccord Genuity Group reduced their price target on BlackBerry from $3.25 to $2.70 and set a hold rating for the company in a report on Thursday, June 27th. Cibc World Mkts upgraded BlackBerry from a hold rating to a strong-buy rating in a research note on Thursday, June 27th. Finally, Robert W. Baird reduced their target price on BlackBerry from $3.50 to $3.00 and set a neutral rating for the company in a research note on Thursday, June 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $3.20.

BlackBerry Trading Down 1.0 %

Shares of NYSE:BB opened at $2.52 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.43 and a current ratio of 1.43. BlackBerry has a 12-month low of $2.01 and a 12-month high of $4.90. The business has a 50 day moving average of $2.35 and a 200-day moving average of $2.60.

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

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.