BlackBerry (BB) ended the latest trading session at $2.32, moving -1.69% from the previous day’s close. The stock’s change was less than the S&P 500’s daily gain of 0.16%. At the same time, the Dow gained 0.02% and the tech-heavy Nasdaq gained 0.16%.
Prior to today’s trading, shares of the cybersecurity software and services company had lost 2.07% over the past month, lagging the Computer and Technology sector’s gain of 2.69% and the S&P 500’s gain of 2.97% in that time.
Market participants will be closely watching BlackBerry’s financial results in its next release. The company is expected to report earnings per share of -$0.01, up 75% from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.05 per share and revenue of $608 million, representing changes of -200% and -28.72%, respectively, from the prior year.
Investors should also pay attention to recent changes in analyst estimates for BlackBerry. These changes typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions to estimates express analysts’ positive view of the company’s business and its ability to generate earnings.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we have developed the Zacks Rank, an exclusive model that takes these estimate changes into account and provides an operating rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus Estimate for earnings per share remained stagnant. BlackBerry currently has a Zacks Rank #3 (Hold).
The Computer Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 66, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank evaluates the strength of our individual industry groups by calculating the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Follow all these and many more stock-moving metrics on Zacks.com.
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BlackBerry Limited (BB): Free Stock Analysis Report
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