BlackBerry (BB) Scheduled to Post Earnings on Wednesday

BlackBerry (NYSE:BB) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, June 26th. Analysts expect BlackBerry to post earnings of ($0.04) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

BlackBerry (NYSE:BB) last posted its quarterly earnings results on Wednesday, April 3rd. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.06. The business had revenue of $173.00 million during the quarter, compared to analyst estimates of $150.47 million. BlackBerry had a negative net margin of 15.24% and a negative return on equity of 0.24%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) EPS. On average, analysts expect BlackBerry to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BlackBerry Stock Performance

NYSE BB opened at $2.30 on Wednesday. The firm has a market cap of $1.35 billion, a PE ratio of -9.56 and a beta of 1.37. BlackBerry has a 52 week low of $2.23 and a 52 week high of $5.75. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average price of $2.85 and a 200 day moving average price of $3.04.

Analysts Set New Price Targets

BB has been the topic of several research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $3.00 target price on shares of BlackBerry in a research report on Thursday, April 4th. StockNews.com cut shares of BlackBerry from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, BlackBerry currently has a consensus rating of “Hold” and an average price target of $4.08.

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.