BlackBerry (NYSE:BB) Releases Q4 Earnings Guidance

BlackBerry (NYSE:BB) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $(0.02)-$0.00 for the period, compared to the consensus estimate of $0.01. BlackBerry also updated its FY 2025 guidance to -0.020-0.000 EPS.

BlackBerry Price Performance

Shares of NYSE:BB traded down $0.03 during midday trading on Thursday, reaching $2.98. 20,702,389 shares of the company were exchanged, compared to its average volume of 9,563,922. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.76 billion, a PE ratio of -11.92 and a beta of 1.43. The business’s fifty day moving average is $2.52 and its two-hundred day moving average is $2.45. BlackBerry has a one year low of $2.01 and a one year high of $4.27.

BlackBerry (NYSE:BB) last announced its quarterly earnings results on Thursday, December 19th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $143.00 million during the quarter, compared to analyst estimates of $144.84 million. BlackBerry had a negative return on equity of 3.38% and a negative net margin of 21.66%. The firm’s revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.01 earnings per share. As a group, analysts predict that BlackBerry will post -0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BB has been the topic of a number of recent research reports. Canaccord Genuity Group raised their price objective on BlackBerry from $2.70 to $2.80 and gave the company a “hold” rating in a research note on Friday, October 18th. Royal Bank of Canada boosted their price objective on shares of BlackBerry from $3.00 to $3.25 and gave the company a “sector perform” rating in a research report on Tuesday. StockNews.com raised shares of BlackBerry from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. TD Securities increased their price objective on shares of BlackBerry from $2.75 to $3.25 and gave the stock a “hold” rating in a research report on Wednesday. Finally, CIBC boosted their target price on BlackBerry from $3.50 to $3.60 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, BlackBerry presently has an average rating of “Hold” and an average price target of $3.34.

Insider Buying and Selling

In other news, insider Philip S. Kurtz sold 15,005 shares of the business’s stock in a transaction on Saturday, September 28th. The stock was sold at an average price of $2.53, for a total value of $37,962.65. Following the completion of the transaction, the insider now directly owns 30,129 shares of the company’s stock, valued at approximately $76,226.37. The trade was a 33.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.34% of the stock is owned by insiders.

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.