Does Earnings Surprise History Hold Any Clue for BlackBerry (NYSE:BB)

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Earnings results for BlackBerry (NYSE:BB)

BlackBerry Limited is expected* to report earnings on 09/24/2020 before market open. The report will be for the fiscal Quarter ending Aug 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.02. The reported EPS for the same quarter last year was $-0.04.

BlackBerry last announced its quarterly earnings results on June 24th, 2020. The reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The company earned $214 million during the quarter, compared to analysts’ expectations of $215.58 million. Its quarterly revenue was down 19.9% compared to the same quarter last year. BlackBerry has generated $0.02 earnings per share over the last year. BlackBerry has confirmed that its next quarterly earnings report will be published on Thursday, September 24th, 2020.

Analyst Opinion on BlackBerry (NYSE:BB)

12 Wall Street analysts have issued ratings and price targets for BlackBerry in the last 12 months. Their average twelve-month price target is $5.86, predicting that the stock has a possible upside of 22.16%. The high price target for BB is $7.50 and the low price target for BB is $4.50. There are currently 12 hold ratings for the stock, resulting in a consensus rating of “Hold.”

BlackBerry has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 12 hold ratings, and no sell ratings. According to analysts’ consensus price target of $5.86, BlackBerry has a forecasted upside of 22.2% from its current price of $4.80. BlackBerry has received no research coverage in the past 90 days.

Dividend Strength: BlackBerry (NYSE:BB)

BlackBerry does not currently pay a dividend. BlackBerry does not have a long track record of dividend growth.

Insiders buying/selling: BlackBerry (NYSE:BB)

In the past three months, BlackBerry insiders have not sold or bought any company stock. Only 1.56% of the stock of BlackBerry is held by insiders. 46.69% of the stock of BlackBerry is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of BlackBerry (NYSE:BB

Earnings for BlackBerry are expected to grow in the coming year, from ($0.07) to $0.01 per share. The P/E ratio of BlackBerry is -3.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of BlackBerry is -3.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. BlackBerry has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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