BlackBerry (NYSE:BB) Updates Q3 Earnings Guidance

BlackBerry (NYSE:BB) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $(0.01)-$0.01 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

BB has been the subject of several analyst reports. Raymond James dropped their price target on shares of BlackBerry from $5.50 to $4.75 and set a market perform rating for the company in a research note on Friday, June 28th. Robert W. Baird lowered their price objective on BlackBerry from $3.50 to $3.00 and set a neutral rating for the company in a research report on Thursday, June 27th. CIBC upgraded BlackBerry from a neutral rating to a sector outperform rating and set a $3.50 target price on the stock in a research report on Thursday, June 27th. Cibc World Mkts upgraded BlackBerry from a hold rating to a strong-buy rating in a report on Thursday, June 27th. Finally, Canaccord Genuity Group reduced their price objective on shares of BlackBerry from $3.25 to $2.70 and set a hold rating on the stock in a report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $3.20.

BlackBerry Stock Performance

Shares of BB stock opened at $2.55 on Friday. The company has a market cap of $1.50 billion, a P/E ratio of -8.78 and a beta of 1.39. The firm has a fifty day moving average price of $2.35 and a 200 day moving average price of $2.60. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.26. BlackBerry has a 12 month low of $2.01 and a 12 month high of $4.94.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Wednesday, June 26th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. BlackBerry had a negative return on equity of 6.43% and a negative net margin of 25.80%. The business had revenue of $144.00 million during the quarter, compared to analysts’ expectations of $132.05 million. During the same period in the prior year, the firm posted $0.04 EPS. The business’s quarterly revenue was down 61.4% compared to the same quarter last year. Sell-side analysts predict that BlackBerry will post -0.09 earnings per share for the current fiscal year.

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.