BlackBerry (BB) ended the recent trading session at $3.32, demonstrating a -3.77% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 1.04%. On the other hand, the Dow registered a loss of 1.66%, and the technology-centric Nasdaq decreased by 1.13%.
Prior to today's trading, shares of the cybersecurity software and services company had lost 9.69% lagged the Computer and Technology sector's gain of 0.34% and the S&P 500's gain of 1.75%.
The investment community will be paying close attention to the earnings performance of BlackBerry in its upcoming release. The company is expected to report EPS of $0.05, up 66.67% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.15 per share and a revenue of $538.01 million, representing changes of +650% and -6.22%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for BlackBerry. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. BlackBerry is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that BlackBerry has a Forward P/E ratio of 23.52 right now. This expresses a premium compared to the average Forward P/E of 18.99 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 132, putting it in the bottom 47% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BlackBerry Limited (BB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
