In the latest trading session, BlackBerry (BB - Free Report) closed at $9.37, marking a -1.68% move from the previous day. This change lagged the S&P 500's daily loss of 0.63%. Elsewhere, the Dow lost 0.43%, while the tech-heavy Nasdaq lost 1.04%.
Prior to today's trading, shares of the cybersecurity software and services company had lost 7.12% over the past month. This has was narrower than the Computer and Technology sector's loss of 7.79% and lagged the S&P 500's loss of 6.28% in that time.
Investors will be hoping for strength from BB as it approaches its next earnings release, which is expected to be December 19, 2018. In that report, analysts expect BB to post earnings of $0.02 per share. This would mark a year-over-year decline of 33.33%. Meanwhile, our latest consensus estimate is calling for revenue of $212.58 million, down 5.94% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.11 per share and revenue of $880.89 million. These totals would mark changes of -21.43% and -8.05%, respectively, from last year.
Any recent changes to analyst estimates for BB should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. BB is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note BB's current valuation metrics, including its Forward P/E ratio of 86.64. Its industry sports an average Forward P/E of 13.21, so we one might conclude that BB is trading at a premium comparatively.
Investors should also note that BB has a PEG ratio of 4.67 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Wireless Non-US was holding an average PEG ratio of 1.24 at yesterday's closing price.
The Wireless Non-US industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 207, which puts it in the bottom 19% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.