BlackBerry (BBRY) Set to Announce Earnings on Thursday
BlackBerry (NASDAQ:BBRY) is scheduled to post its Q115 quarterly earnings results on Thursday, June 19th. Analysts expect BlackBerry to post earnings of $0.63 per share and revenue of $376.43 million for the quarter.
BlackBerry (NASDAQ:BBRY) last issued its quarterly earnings data on Friday, March 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.57) by $0.49. The company had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was down 63.6% on a year-over-year basis. On average, analysts expect BlackBerry to post $-0.92 EPS for the current fiscal year and $-0.56 EPS for the next fiscal year.
Shares of BlackBerry (NASDAQ:BBRY) opened at 8.05 on Wednesday. BlackBerry has a 52 week low of $5.44 and a 52 week high of $15.09. The stock’s 50-day moving average is $7.58 and its 200-day moving average is $8.21. The company’s market cap is $4.177 billion.
A number of analysts have recently weighed in on BBRY shares. Analysts at Oppenheimer upgraded shares of BlackBerry from an “underperform” rating to a “market perform” rating in a research note on Tuesday, May 6th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of BlackBerry in a research note on Friday, April 25th. They now have a $7.75 price target on the stock. Eleven analysts have rated the stock with a sell rating, eighteen have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. BlackBerry has a consensus rating of “Hold” and a consensus price target of $8.45.
BlackBerry Limited, formerly Research In Motion Limited is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.
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