Equities research analysts forecast that BlackBerry Ltd (NYSE:BB) will post $211.03 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for BlackBerry’s earnings. The highest sales estimate is $215.00 million and the lowest is $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 26.2%. The company is scheduled to issue its next quarterly earnings results on Friday, March 30th.
On average, analysts expect that BlackBerry will report full-year sales of $211.03 million for the current year, with estimates ranging from $906.06 million to $943.00 million. For the next year, analysts expect that the company will post sales of $864.11 million per share, with estimates ranging from $837.33 million to $890.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow BlackBerry.
BlackBerry (NYSE:BB) last released its quarterly earnings results on Wednesday, December 20th. The company reported ($0.52) earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $216.70 million. During the same quarter in the previous year, the business posted $0.02 earnings per share. The firm’s revenue was down 21.9% on a year-over-year basis.
BB has been the topic of several recent research reports. Zacks Investment Research upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, January 24th. Macquarie increased their price target on shares of BlackBerry from $14.50 to $15.50 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. CIBC increased their price target on shares of BlackBerry from $13.00 to $15.00 and gave the stock a “positive” rating in a research report on Thursday, January 4th. Canaccord Genuity increased their price target on shares of BlackBerry from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Tuesday, October 17th. Finally, Imperial Capital increased their price target on shares of BlackBerry from $10.00 to $11.00 and gave the stock a “line” rating in a research report on Saturday, December 30th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.95.
BlackBerry (BB) traded up $0.20 on Thursday, reaching $11.61. 6,270,848 shares of the company’s stock traded hands, compared to its average volume of 6,261,535. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.33. BlackBerry has a fifty-two week low of $6.65 and a fifty-two week high of $14.55. The company has a market capitalization of $6,226.52, a P/E ratio of 21.50 and a beta of 1.13.
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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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