Zacks: Analysts Anticipate BlackBerry Ltd (NYSE:BB) to Post -$0.01 Earnings Per Share

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Equities research analysts expect BlackBerry Ltd (NYSE:BB) to announce earnings per share of ($0.01) for the current quarter, according to Zacks. Zero analysts have made estimates for BlackBerry’s earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.02). BlackBerry reported earnings per share of $0.04 during the same quarter last year, which would suggest a negative year over year growth rate of 125%. The firm is expected to announce its next quarterly earnings report on Friday, September 27th.

On average, analysts expect that BlackBerry will report full-year earnings of $0.06 per share for the current year, with EPS estimates ranging from $0.03 to $0.09. For the next year, analysts expect that the firm will post earnings of $0.13 per share, with EPS estimates ranging from $0.04 to $0.24. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for BlackBerry.

BlackBerry (NYSE:BB) last issued its quarterly earnings results on Wednesday, June 26th. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. The business had revenue of $267.00 million during the quarter, compared to the consensus estimate of $264.55 million. BlackBerry had a net margin of 12.58% and a return on equity of 1.84%. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 EPS.

Several equities research analysts recently commented on the stock. Macquarie assumed coverage on shares of BlackBerry in a research report on Friday. They issued a “neutral” rating for the company. Canaccord Genuity reduced their price target on shares of BlackBerry from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday, June 27th. Raymond James reduced their price target on shares of BlackBerry from $11.00 to $10.50 and set a “market perform” rating for the company in a research report on Thursday, June 27th. Finally, Royal Bank of Canada reduced their price target on shares of BlackBerry from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $10.25.

A number of hedge funds have recently added to or reduced their stakes in BB. Shell Asset Management Co. raised its holdings in shares of BlackBerry by 2.6% during the 1st quarter. Shell Asset Management Co. now owns 46,492 shares of the company’s stock valued at $469,000 after purchasing an additional 1,200 shares in the last quarter. Cetera Advisors LLC raised its holdings in shares of BlackBerry by 7.9% during the 1st quarter. Cetera Advisors LLC now owns 27,051 shares of the company’s stock valued at $273,000 after purchasing an additional 1,980 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in BlackBerry by 4.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 49,196 shares of the company’s stock valued at $496,000 after buying an additional 2,305 shares during the last quarter. Stevens Capital Management LP grew its stake in BlackBerry by 1.7% in the 1st quarter. Stevens Capital Management LP now owns 178,133 shares of the company’s stock valued at $1,797,000 after buying an additional 3,032 shares during the last quarter. Finally, Investors Research Corp acquired a new position in BlackBerry in the 1st quarter valued at $33,000. Institutional investors own 49.17% of the company’s stock.

Shares of NYSE:BB traded up $0.17 during mid-day trading on Friday, hitting $6.85. The stock had a trading volume of 2,100,100 shares, compared to its average volume of 3,245,006. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.45 and a current ratio of 2.45. The company has a market cap of $3.66 billion, a PE ratio of 52.69 and a beta of 1.79. BlackBerry has a 12-month low of $6.57 and a 12-month high of $12.00. The company’s 50 day moving average is $7.17 and its 200-day moving average is $8.35.

BlackBerry Company Profile

BlackBerry Limited provides enterprise software and services worldwide. The company offers BlackBerry Enterprise Mobility Suite, which combines and integrates mobile security, management, productivity, and collaboration solutions, such as BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; BlackBerry AtHoc, a networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting services; and BBM Enterprise, an enterprise-grade instant messaging solution, as well as BlackBerry Spark Communication services.

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