BlackBerry (NYSE:BB) Releases Q3 Earnings Guidance

BlackBerry (NYSE:BB) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $(0.01)-$0.01 for the period, compared to the consensus estimate of ($0.01). The company issued revenue guidance of $146-154 million, compared to the consensus revenue estimate of $149.98 million. BlackBerry also updated its FY 2025 guidance to -0.050–0.020 EPS.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. CIBC raised shares of BlackBerry from a neutral rating to a sector outperform rating and set a $3.50 price objective on the stock in a report on Thursday, June 27th. Canaccord Genuity Group cut their price target on shares of BlackBerry from $3.25 to $2.70 and set a hold rating on the stock in a report on Thursday, June 27th. Canaccord Genuity Group cut their price target on shares of BlackBerry from $3.25 to $2.70 and set a hold rating on the stock in a report on Thursday, June 27th. Raymond James cut their price target on shares of BlackBerry from $5.50 to $4.75 and set a market perform rating on the stock in a report on Friday, June 28th. Finally, Robert W. Baird cut their price target on shares of BlackBerry from $3.50 to $3.00 and set a neutral rating on the stock in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and an average price target of $3.20.

BlackBerry Price Performance

NYSE BB opened at $2.52 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.43 and a quick ratio of 1.43. The stock’s fifty day moving average price is $2.35 and its 200 day moving average price is $2.60. BlackBerry has a 1 year low of $2.01 and a 1 year high of $4.90. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -8.69 and a beta of 1.39.

BlackBerry (NYSE:BB) last released its earnings results on Thursday, September 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. BlackBerry had a negative return on equity of 6.43% and a negative net margin of 25.80%. The firm had revenue of $145.00 million for the quarter, compared to the consensus estimate of $138.82 million. During the same period in the prior year, the firm earned ($0.06) EPS. The firm’s revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts forecast 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.