2023-06-27 11:49:46 ET
BlackBerry ( NYSE: BB ) is scheduled to announce Q1 earnings results on Wednesday, June 28, after market close.
The consensus EPS estimate is -$0.05 (flat Y/Y) and the consensus revenue estimate is $159.29M (-5.2% Y/Y).
Over the last 2 years, BB has beaten EPS estimates 100% of the time and revenue estimates 88% of the time. Over the last 3 months, EPS estimates have seen 3 upward revisions . Revenue estimates have seen 2 upward revisions and 2 downward.
This is the first quarterly earnings report after BlackBerry ( BB ) launched a review of strategic alternatives last month, including a potential separation of one or more of its businesses.
At an analyst event, BlackBerry ( BB ) set a target of reaching adjusted profitability by the end of next year . The stock rose 4% as the event began.
BlackBerry ( BB ) had reported mixed fourth quarter results , as its cybersecurity unit continued to struggle amid tough competition.
"With the cybersecurity segment yet to show promising signs, I will remain on the sidelines until the Q1 earnings report to identify the formation of a catalyst that could drive the stock higher," said Investing Group leader Dilantha De Silva . Key metrics to watch are revenue backlog changes for QNX, cybersecurity market share gains and strategic review updates.
In other news, BlackBerry ( BB ) enabled early access for its closely-watched QNX Software Development Platform.
BB shares +49% YTD.
More on BlackBerry
- BlackBerry Q1 Earnings Preview: What To Watch For
- BlackBerry: Valuation Vs. Reality, Patent Sales, Profitability Woes
- BlackBerry's Strategic Review: Good But Not Good Enough
For further details see:
BlackBerry Q1 Earnings Preview: Strategic review, QNX updates in focus