BlackBerry (NYSE:BB) Issues FY 2025 Earnings Guidance

BlackBerry (NYSE:BB) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of -0.070–0.030 for the period, compared to the consensus EPS estimate of -0.040. The company issued revenue guidance of $586.0 million-$616.0 million, compared to the consensus revenue estimate of $601.0 million. BlackBerry also updated its FY25 guidance to $(0.07)-$(0.03) EPS.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BB. Cibc World Mkts raised shares of BlackBerry from a hold rating to a strong-buy rating in a research note on Thursday. Canaccord Genuity Group decreased their target price on shares of BlackBerry from $3.25 to $2.70 and set a hold rating for the company in a research note on Thursday. TD Securities decreased their target price on shares of BlackBerry from $3.00 to $2.75 and set a hold rating for the company in a research note on Thursday. Canaccord Genuity Group cut their price target on BlackBerry from $3.25 to $2.70 and set a hold rating for the company in a report on Thursday. Finally, CIBC raised BlackBerry from a neutral rating to a sector outperform rating and set a $3.50 price target for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $3.20.

BlackBerry Stock Performance

BlackBerry stock opened at $2.50 on Friday. BlackBerry has a 12-month low of $2.20 and a 12-month high of $5.75. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The business’s 50-day moving average price is $2.76 and its two-hundred day moving average price is $2.96.

BlackBerry (NYSE:BB) last released its earnings results on Wednesday, June 26th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. The firm had revenue of $144.00 million for the quarter, compared to analysts’ expectations of $132.05 million. BlackBerry had a negative return on equity of 6.30% and a negative net margin of 25.80%. The business’s revenue for the quarter was down 61.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.04 earnings per share. On average, sell-side analysts predict that BlackBerry will post -0.09 earnings per share for the current year.

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.