BlackBerry (NYSE:BB) Releases Q1 Earnings Guidance

BlackBerry (NYSE:BB) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of ($0.01)-0.00 for the period, compared to the consensus EPS estimate of $0.00. The company issued revenue guidance of $107-115 million, compared to the consensus revenue estimate of $124.59 million. BlackBerry also updated its FY 2026 guidance to 0.080-0.100 EPS.

BlackBerry Stock Performance

Shares of BB opened at $3.74 on Wednesday. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of -16.98 and a beta of 1.27. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. BlackBerry has a 1 year low of $2.01 and a 1 year high of $6.24. The company’s 50 day simple moving average is $4.69 and its 200 day simple moving average is $3.50.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Wednesday, April 2nd. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. BlackBerry had a negative return on equity of 2.02% and a negative net margin of 21.16%. The business had revenue of $141.70 million during the quarter, compared to the consensus estimate of $137.56 million. During the same quarter in the previous year, the business earned $0.03 earnings per share. The business’s revenue for the quarter was down 7.3% on a year-over-year basis. On average, sell-side analysts predict that BlackBerry will post -0.03 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BB shares. Royal Bank of Canada reissued a “sector perform” rating and set a $4.00 price objective on shares of BlackBerry in a research note on Tuesday. StockNews.com upgraded BlackBerry from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Robert W. Baird lifted their price objective on BlackBerry from $3.00 to $3.50 and gave the company a “neutral” rating in a research note on Friday, December 20th. Canaccord Genuity Group boosted their target price on BlackBerry from $3.00 to $4.75 and gave the stock a “hold” rating in a report on Tuesday, March 11th. Finally, TD Cowen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and raised their price target for the company from $3.25 to $4.00 in a report on Friday, December 20th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $3.91.

Insider Activity

In other news, insider Mattias Eriksson sold 14,475 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $3.68, for a total transaction of $53,268.00. Following the completion of the transaction, the insider now directly owns 238,838 shares in the company, valued at approximately $878,923.84. This represents a 5.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jay P. Chai sold 24,425 shares of BlackBerry stock in a transaction on Friday, January 24th. The stock was sold at an average price of $4.19, for a total transaction of $102,340.75. The disclosure for this sale can be found here. Insiders sold 244,221 shares of company stock worth $925,655 over the last ninety days. Corporate insiders own 0.34% of the company’s stock.

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.