$211.49 Million in Sales Expected for BlackBerry Ltd (BB) This Quarter

Equities research analysts expect BlackBerry Ltd (NYSE:BB) to post sales of $211.49 million for the current quarter, Zacks reports. Three analysts have made estimates for BlackBerry’s earnings, with the highest sales estimate coming in at $215.00 million and the lowest estimate coming in at $207.06 million. BlackBerry posted sales of $286.00 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 26.1%. The firm is scheduled to issue its next quarterly earnings report on Friday, March 30th.

According to Zacks, analysts expect that BlackBerry will report full-year sales of $211.49 million for the current financial year, with estimates ranging from $906.06 million to $943.00 million. For the next fiscal year, analysts forecast that the company will report sales of $880.76 million per share, with estimates ranging from $837.33 million to $930.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow BlackBerry.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Wednesday, December 20th. The company reported ($0.52) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.49). BlackBerry had a return on equity of 3.70% and a net margin of 37.36%. The business had revenue of $235.00 million for the quarter, compared to analyst estimates of $216.70 million. During the same quarter in the previous year, the business posted $0.02 earnings per share. The company’s revenue was down 21.9% compared to the same quarter last year.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded BlackBerry from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective for the company in a research report on Tuesday, November 28th. Royal Bank of Canada raised their price objective on BlackBerry from $9.50 to $10.50 and gave the stock a “sector perform” rating in a research report on Friday, September 29th. Vetr lowered BlackBerry from a “strong-buy” rating to a “buy” rating and set a $10.20 price target for the company. in a report on Tuesday, September 26th. Imperial Capital reiterated an “in-line” rating and set a $11.00 price target (up from $10.00) on shares of BlackBerry in a report on Friday, December 22nd. Finally, Scotiabank reiterated a “buy” rating and set a $12.50 price target on shares of BlackBerry in a report on Thursday, December 21st. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $10.84.

Shares of BlackBerry (NYSE:BB) opened at $13.31 on Monday. BlackBerry has a 1 year low of $6.65 and a 1 year high of $14.55. The company has a market capitalization of $7,180.00, a PE ratio of 20.17 and a beta of 1.09. The company has a debt-to-equity ratio of 0.33, a quick ratio of 4.26 and a current ratio of 4.26.

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BlackBerry Company Profile

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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Earnings History and Estimates for BlackBerry (NYSE:BB)

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