BlackBerry (BBRY) Set to Announce Quarterly Earnings on Friday
BlackBerry (NASDAQ:BBRY) will announce its Q214 earnings results on Friday, September 27th. Analysts expect the company to announce earnings of ($0.15) per share and revenue of $3.06 billion for the quarter.
BlackBerry (NASDAQ:BBRY) last issued its quarterly earnings data on Friday, June 28th. The company reported ($0.13) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.17. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $2.81 billion. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts expect BlackBerry to post $-1.07 EPS for the current fiscal year and $-0.78 EPS for the next fiscal year.
BlackBerry (NASDAQ:BBRY) opened at 8.005 on Thursday. BlackBerry has a 52 week low of $6.75 and a 52 week high of $18.32. The stock’s 50-day moving average is $10.21 and its 200-day moving average is $12.47. The company’s market cap is $4.126 billion. BlackBerry also saw unusually large options trading activity on Monday. Investors purchased 142,655 call options on the company. This represents an increase of 185% compared to the average volume of 50,072 call options.
A number of research firms have recently commented on BBRY. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of BlackBerry (NASDAQ:BBRY) in a research note to investors on Wednesday. On the ratings front, analysts at TD Securities cut their price target on shares of BlackBerry (NASDAQ:BBRY) to $9.00 in a research note to investors on Tuesday. Finally, analysts at Cormark downgraded shares of BlackBerry (NASDAQ:BBRY) to a “market perform” rating in a research note to investors on Tuesday. Sixteen equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $9.26.
Research In Motion Limited is a designer, manufacturer, and marketer of wireless solutions for the worldwide mobile communications market.
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