BlackBerry (BB) to Release Earnings on Wednesday

BlackBerry (NYSE:BB) is scheduled to be announcing its quarterly earnings data after the market closes on Wednesday, June 26th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

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

BlackBerry Trading Down 0.9 %

NYSE BB opened at $2.30 on Monday. BlackBerry has a one year low of $2.23 and a one year high of $5.75. The firm has a 50 day simple moving average of $2.80 and a 200-day simple moving average of $3.00. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of -9.58 and a beta of 1.37. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

Analyst Ratings Changes

Separately, Royal Bank of Canada restated a “sector perform” rating and issued a $3.00 price target on shares of BlackBerry in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.08.

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.