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BlackBerry (BB) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest close session, BlackBerry (BB - Free Report) was up +2.72% at $3.77. This change outpaced the S&P 500's 0.32% gain on the day. Elsewhere, the Dow saw an upswing of 1.04%, while the tech-heavy Nasdaq appreciated by 0.14%.
The cybersecurity software and services company's stock has dropped by 9.83% in the past month, falling short of the Computer and Technology sector's gain of 6.64% and the S&P 500's gain of 3.08%.
Investors will be eagerly watching for the performance of BlackBerry in its upcoming earnings disclosure. Alongside, our most recent consensus estimate is anticipating revenue of $125 million, indicating a 13.79% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.1 per share and a revenue of $525.5 million, demonstrating changes of +400% and -8.4%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for BlackBerry. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. BlackBerry is currently a Zacks Rank #3 (Hold).
Looking at its valuation, BlackBerry is holding a Forward P/E ratio of 36.7. Its industry sports an average Forward P/E of 28.84, so one might conclude that BlackBerry is trading at a premium comparatively.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 77, finds itself in the top 32% echelons of all 250+ industries.
The Zacks Industry Rank is ordered 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.
To follow BB in the coming trading sessions, be sure to utilize Zacks.com.
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BlackBerry (BB) Surpasses Market Returns: Some Facts Worth Knowing
In the latest close session, BlackBerry (BB - Free Report) was up +2.72% at $3.77. This change outpaced the S&P 500's 0.32% gain on the day. Elsewhere, the Dow saw an upswing of 1.04%, while the tech-heavy Nasdaq appreciated by 0.14%.
The cybersecurity software and services company's stock has dropped by 9.83% in the past month, falling short of the Computer and Technology sector's gain of 6.64% and the S&P 500's gain of 3.08%.
Investors will be eagerly watching for the performance of BlackBerry in its upcoming earnings disclosure. Alongside, our most recent consensus estimate is anticipating revenue of $125 million, indicating a 13.79% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.1 per share and a revenue of $525.5 million, demonstrating changes of +400% and -8.4%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for BlackBerry. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. BlackBerry is currently a Zacks Rank #3 (Hold).
Looking at its valuation, BlackBerry is holding a Forward P/E ratio of 36.7. Its industry sports an average Forward P/E of 28.84, so one might conclude that BlackBerry is trading at a premium comparatively.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 77, finds itself in the top 32% echelons of all 250+ industries.
The Zacks Industry Rank is ordered 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.
To follow BB in the coming trading sessions, be sure to utilize Zacks.com.