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BlackBerry (BB) Dips More Than Broader Markets: What You Should Know
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BlackBerry (BB - Free Report) closed at $11.19 in the latest trading session, marking a -0.8% move from the prior day. This change lagged the S&P 500's daily loss of 0.35%.
Coming into today, shares of the cybersecurity software and services company had gained 21.55% in the past month. In that same time, the Computer and Technology sector gained 8.33%, while the S&P 500 gained 7.11%.
Investors will be hoping for strength from BB as it approaches its next earnings release. On that day, BB is projected to report earnings of -$0.06 per share, which would represent a year-over-year decline of 400%.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.20 per share and revenue of $734 million, which would represent changes of -211.11% and -20.13%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for BB. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. BB is currently sporting a Zacks Rank of #3 (Hold).
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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BlackBerry (BB) Dips More Than Broader Markets: What You Should Know
BlackBerry (BB - Free Report) closed at $11.19 in the latest trading session, marking a -0.8% move from the prior day. This change lagged the S&P 500's daily loss of 0.35%.
Coming into today, shares of the cybersecurity software and services company had gained 21.55% in the past month. In that same time, the Computer and Technology sector gained 8.33%, while the S&P 500 gained 7.11%.
Investors will be hoping for strength from BB as it approaches its next earnings release. On that day, BB is projected to report earnings of -$0.06 per share, which would represent a year-over-year decline of 400%.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.20 per share and revenue of $734 million, which would represent changes of -211.11% and -20.13%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for BB. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. BB is currently sporting a Zacks Rank of #3 (Hold).
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.