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BlackBerry (BB) Registers a Bigger Fall Than the Market: Important Facts to Note
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BlackBerry (BB - Free Report) closed at $3.64 in the latest trading session, marking a -1.89% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.08%. Elsewhere, the Dow lost 0.51%, while the tech-heavy Nasdaq added 0.35%.
Heading into today, shares of the cybersecurity software and services company had lost 10.17% over the past month, lagging the Computer and Technology sector's gain of 3.95% and the S&P 500's gain of 1.21%.
The investment community will be paying close attention to the earnings performance of BlackBerry in its upcoming release. At the same time, our most recent consensus estimate is projecting a revenue of $125 million, reflecting a 13.79% fall from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.1 per share and a revenue of $525.5 million, signifying shifts of +400% and -8.4%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for BlackBerry. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, BlackBerry holds a Zacks Rank of #3 (Hold).
With respect to valuation, BlackBerry is currently being traded at a Forward P/E ratio of 37.1. This signifies a premium in comparison to the average Forward P/E of 28.8 for its industry.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 69, putting it in the top 28% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.
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BlackBerry (BB) Registers a Bigger Fall Than the Market: Important Facts to Note
BlackBerry (BB - Free Report) closed at $3.64 in the latest trading session, marking a -1.89% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.08%. Elsewhere, the Dow lost 0.51%, while the tech-heavy Nasdaq added 0.35%.
Heading into today, shares of the cybersecurity software and services company had lost 10.17% over the past month, lagging the Computer and Technology sector's gain of 3.95% and the S&P 500's gain of 1.21%.
The investment community will be paying close attention to the earnings performance of BlackBerry in its upcoming release. At the same time, our most recent consensus estimate is projecting a revenue of $125 million, reflecting a 13.79% fall from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.1 per share and a revenue of $525.5 million, signifying shifts of +400% and -8.4%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for BlackBerry. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, BlackBerry holds a Zacks Rank of #3 (Hold).
With respect to valuation, BlackBerry is currently being traded at a Forward P/E ratio of 37.1. This signifies a premium in comparison to the average Forward P/E of 28.8 for its industry.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 69, putting it in the top 28% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.