BlackBerry (NYSE:BB) Updates Q2 Earnings Guidance

BlackBerry (NYSE:BB) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $(0.04)-$(0.02) for the period, compared to the consensus earnings per share estimate of ($0.03). The company issued revenue guidance of $136-144 million, compared to the consensus revenue estimate of $140.13 million. BlackBerry also updated its FY 2025 guidance to -0.070–0.030 EPS.

BlackBerry Stock Performance

NYSE BB opened at $2.50 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. BlackBerry has a 1 year low of $2.20 and a 1 year high of $5.75. The company has a fifty day moving average of $2.76 and a two-hundred day moving average of $2.96.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Wednesday, June 26th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. BlackBerry had a negative net margin of 25.80% and a negative return on equity of 6.30%. The company had revenue of $144.00 million during the quarter, compared to the consensus estimate of $132.05 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. BlackBerry’s revenue for the quarter was down 61.4% on a year-over-year basis. On average, equities analysts anticipate that BlackBerry will post -0.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BB shares. Cibc World Mkts upgraded shares of BlackBerry from a hold rating to a strong-buy rating in a research note on Thursday. TD Securities decreased their target price on shares of BlackBerry from $3.00 to $2.75 and set a hold rating for the company in a research note on Thursday. CIBC upgraded shares of BlackBerry from a neutral rating to a sector outperform rating and set a $3.50 target price for the company in a research note on Thursday. Canaccord Genuity Group decreased their target price on shares of BlackBerry from $3.25 to $2.70 and set a hold rating for the company in a research note on Thursday. Finally, Robert W. Baird reduced their price objective on shares of BlackBerry from $3.50 to $3.00 and set a neutral rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $3.20.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.