Brokerages Anticipate BlackBerry Limited (BB) to Announce ($0.01) EPS
BlackBerry Limited (NYSE:BB) has been given a consensus broker rating score of 2.90 (Hold) from the ten brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a 12-month consensus target price of $9.54 for the company and are predicting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned BlackBerry Limited an industry rank of 179 out of 265 based on the ratings given to related companies.
Several brokerages recently weighed in on BB. Wells Fargo & Company reaffirmed a “market perform” rating and set a $9.00 target price (up previously from $8.50) on shares of BlackBerry Limited in a research note on Monday, June 26th. Scotiabank reaffirmed an “outperform” rating and set a $13.50 target price on shares of BlackBerry Limited in a report on Thursday, September 21st. Royal Bank Of Canada upped their target price on BlackBerry Limited from $9.50 to $10.50 and gave the company a “sector perform” rating in a report on Friday, September 29th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of BlackBerry Limited in a report on Sunday, August 13th. Finally, Vetr downgraded BlackBerry Limited from a “strong-buy” rating to a “buy” rating and set a $10.20 target price for the company. in a report on Tuesday, September 26th.
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BlackBerry Limited (NYSE:BB) opened at 11.12 on Monday. BlackBerry Limited has a 1-year low of $6.65 and a 1-year high of $11.78. The firm has a market cap of $5.90 billion, a P/E ratio of 11.71 and a beta of 1.00. The stock’s 50 day moving average price is $9.95 and its 200 day moving average price is $9.74.
BlackBerry Limited (NYSE:BB) last announced its earnings results on Thursday, September 28th. The company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. BlackBerry Limited had a return on equity of 2.70% and a net margin of 49.62%. The business had revenue of $238.00 million during the quarter, compared to analysts’ expectations of $221.21 million. The business’s quarterly revenue was down 32.4% compared to the same quarter last year.
About BlackBerry Limited
BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.
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