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BlackBerry (BB) Outperforms Broader Market: What You Need to Know
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BlackBerry (BB - Free Report) closed the most recent trading day at $8.19, moving +2.12% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.37%. Elsewhere, the Dow lost 0.38%, while the tech-heavy Nasdaq added 0.83%.
Heading into today, shares of the cybersecurity software and services company had lost 11.67% over the past month, outpacing the Computer and Technology sector's loss of 13.14% and lagging the S&P 500's loss of 2.29%.
The investment community will be closely monitoring the performance of BlackBerry in its forthcoming earnings report. On that day, BlackBerry is projected to report earnings of $0.05 per share, which would represent no growth from the year-ago period. Simultaneously, our latest consensus estimate expects the revenue to be $148.5 million, showing a 4.72% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.21 per share and a revenue of $628.84 million, signifying shifts of +31.25% and +14.52%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for BlackBerry. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. BlackBerry is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, BlackBerry is presently being traded at a Forward P/E ratio of 38.19. This indicates a premium in contrast to its industry's Forward P/E of 20.34.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 98, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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BlackBerry (BB) Outperforms Broader Market: What You Need to Know
BlackBerry (BB - Free Report) closed the most recent trading day at $8.19, moving +2.12% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.37%. Elsewhere, the Dow lost 0.38%, while the tech-heavy Nasdaq added 0.83%.
Heading into today, shares of the cybersecurity software and services company had lost 11.67% over the past month, outpacing the Computer and Technology sector's loss of 13.14% and lagging the S&P 500's loss of 2.29%.
The investment community will be closely monitoring the performance of BlackBerry in its forthcoming earnings report. On that day, BlackBerry is projected to report earnings of $0.05 per share, which would represent no growth from the year-ago period. Simultaneously, our latest consensus estimate expects the revenue to be $148.5 million, showing a 4.72% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.21 per share and a revenue of $628.84 million, signifying shifts of +31.25% and +14.52%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for BlackBerry. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. BlackBerry is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, BlackBerry is presently being traded at a Forward P/E ratio of 38.19. This indicates a premium in contrast to its industry's Forward P/E of 20.34.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 98, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.