We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
BlackBerry (BB) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
BlackBerry (BB - Free Report) closed at $8.01 in the latest trading session, marking a -1.11% move from the prior day. This move lagged the S&P 500's daily loss of 0.79%. Meanwhile, the Dow lost 0.85%, and the Nasdaq, a tech-heavy index, lost 1.11%.
Prior to today's trading, shares of the cybersecurity software and services company had gained 14.89% over the past month. This has outpaced the Computer and Technology sector's gain of 12.9% and the S&P 500's gain of 13.44% in that time.
Investors will be hoping for strength from BB as it approaches its next earnings release, which is expected to be March 27, 2019. In that report, analysts expect BB to post earnings of $0.04 per share. This would mark a year-over-year decline of 20%. Our most recent consensus estimate is calling for quarterly revenue of $227.14 million, down 4.96% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.16 per share and revenue of $890.07 million. These totals would mark changes of +14.29% and -7.09%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for BB. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. BB is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that BB has a Forward P/E ratio of 49.59 right now. This valuation marks a premium compared to its industry's average Forward P/E of 13.02.
Investors should also note that BB has a PEG ratio of 2.67 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Wireless Non-US was holding an average PEG ratio of 1.28 at yesterday's closing price.
The Wireless Non-US industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 25, putting it in the top 10% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
BlackBerry (BB) Dips More Than Broader Markets: What You Should Know
BlackBerry (BB - Free Report) closed at $8.01 in the latest trading session, marking a -1.11% move from the prior day. This move lagged the S&P 500's daily loss of 0.79%. Meanwhile, the Dow lost 0.85%, and the Nasdaq, a tech-heavy index, lost 1.11%.
Prior to today's trading, shares of the cybersecurity software and services company had gained 14.89% over the past month. This has outpaced the Computer and Technology sector's gain of 12.9% and the S&P 500's gain of 13.44% in that time.
Investors will be hoping for strength from BB as it approaches its next earnings release, which is expected to be March 27, 2019. In that report, analysts expect BB to post earnings of $0.04 per share. This would mark a year-over-year decline of 20%. Our most recent consensus estimate is calling for quarterly revenue of $227.14 million, down 4.96% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.16 per share and revenue of $890.07 million. These totals would mark changes of +14.29% and -7.09%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for BB. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. BB is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that BB has a Forward P/E ratio of 49.59 right now. This valuation marks a premium compared to its industry's average Forward P/E of 13.02.
Investors should also note that BB has a PEG ratio of 2.67 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Wireless Non-US was holding an average PEG ratio of 1.28 at yesterday's closing price.
The Wireless Non-US industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 25, putting it in the top 10% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.