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The Best Options Trade for BlackBerry (BBRY) Earnings

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On Wednesday, September 28th, BlackBerry Limited will release its Q2 earnings results before the bell. The company is a Zacks Rank #3 (Hold), and they were downgraded within the last 30 days due to downward revisions in their earnings estimates.

Dave will investigate BlackBerry’s past earnings, look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.

Furthermore, Dave will uncover some potential options trades for investors looking to make a play on BlackBerry ahead of earnings.

BlackBerry Ltd. in Focus

BlackBerry is involved in the design, manufacture and marketing of wireless solutions for the mobile communications market. Its integrated hardware, software and services provide platforms and solutions for seamless access to information which includes e-mail, voice, instant messaging, short message service, Internet and intranet-based applications and browsing. The company operates in North America, Europe, Asia Pacific and Latin America. BlackBerry Limited, formerly known as Research In Motion Limited, is headquartered in Waterloo, Canada.

BlackBerry is expected to report earnings at -$0.10 per share according to the Zacks Consensus Estimate. Last quarter they reported an earnings at -$0.02 per share beating the Zack’s Consensus Estimate of -$0.10 per share, and they have an average surprise of 22.32% over the last four quarters.

BLACKBERRY LTD Price, Consensus and EPS Surprise

BLACKBERRY LTD Price, Consensus and EPS Surprise | BLACKBERRY LTD Quote

BlackBerry is trading just shy of $8 per share, and for the last 52-weeks they have been trading between about $5.96 to $9.46 a share.

The Zacks Industry Rank classifies BlackBerry Ltd. in the Wireless Non-US industry, and their industry is in the bottom 34%. The wireless industry, especially with cell phones, has been dominated as of late by Apple Inc (AAPL - Free Report) and Samsung. Roughly 10 years ago BlackBerry along with Nokia (NOK - Free Report) was a very common brand name among cell phone owners, but they eventually fell behind their competitors when the market shifted towards smart phones.

Bottom Line

Will David be Bearish or Bullish on BlackBerry Limited? David will be giving us his earnings predictions when he goes live on Monday.

But how should investors play BlackBerry ahead of their earnings report? For insights on the best options trades, make sure to watch Dave Bartosiak at 1:30pm Central time on Monday. If you are interested in Dave’s exclusive live streams and service, then sign up for Zacks Live Trader.

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