BB:CC - BlackBerry Q2 earnings on deck what to expect

2023-09-27 10:17:47 ET

• BlackBerry ( NYSE: BB ) is scheduled to announce Q2 earnings results on Thursday, September 28th, after market close.
• The consensus EPS estimate is -$0.05 and the consensus revenue estimate is $146.95 million.
• Over the last 2 years, BB has beaten EPS estimates 100% of the time and has beaten revenue estimates 88% of the time.
• Over the last 3 months, EPS estimates have seen 1 upward revision and 3 downward. Revenue estimates have seen 1 upward revision and 2 downward.
• The company on June 28 reported Q1 non-GAAP EPS of $0.06, beating estimates by 11 cents. Revenue of $373 million was ahead of expectations by at least $213.71 million.
• BB has a Quant rating of " HOLD ", with a 3.36 rating score.
• BB has an industry ranking of 15 out of 47 among systems software stocks, as per SA's Quant ranking.
• Wall Street and Seeking Alpha authors rate the BB stock a " HOLD ".
• BB stock fell 65.2% in 2022, while the benchmark S&P 500 Index slipped nearly 20% for the year.
• Stock is up 47.4% so far this year as of Tuesday's close and down 1.8% in the last 12 months.

Recent commentary on BlackBerry

" After maintaining a hold rating on BlackBerry stock for quite some time, I am now inclined to downgrade BlackBerry to a sell rating amid the persistent challenges the company’s cybersecurity business is facing and the new challenges seen in the IoT business segment. Even in the best-case scenario, I believe BlackBerry’s turnaround story will take several years to show any promising signs, and I am not ready to take on the risks associated with investing in the company in the absence of any catalyst that could trigger a positive turn for BB stock ," writes SA contributor and leader of the " Beat Billions " Investing Group, Dilantha De Silva, in a September 25 report .

" BlackBerry has positioned itself as a leader in the high-growth markets of IoT and cybersecurity, capitalizing on their interconnection. BlackBerry's IoT unit remains strong, benefiting from the industry shift towards software-defined vehicles and other key trends. QNX technology solidifies its leadership in the automotive sector, while the IVY platform's strategic transformations enhance its value proposition. In cybersecurity, BlackBerry's government contracts and top-performing solutions highlight its strengths. With sequential improvements in revenue and EPS estimates, BlackBerry's future looks favorable. From a technical standpoint, the stock's recent performance and support levels suggest an opportunity to remain bullish on the stock ," writes SA contributor and leader of the " Yiazou Capital Research " Investing Group, Yiannis Zourmpanos, in a September 25 report .

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BlackBerry: Another Massive Revenue Warning by Bill Maurer

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