BlackBerry (BB - Free Report) closed at $7.60 in the latest trading session, marking a -1.43% move from the prior day. This change was narrower than the S&P 500's 1.91% loss on the day. Elsewhere, the Dow lost 2.02%, while the tech-heavy Nasdaq lost 2.26%.
Prior to today's trading, shares of the cybersecurity software and services company had lost 12.98% over the past month. This has lagged the Computer and Technology sector's loss of 0.02% and the S&P 500's loss of 2.51% in that time.
BB will be looking to display strength as it nears its next earnings release, which is expected to be December 20, 2018. On that day, BB is projected to report earnings of $0.02 per share, which would represent a year-over-year decline of 33.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $212.58 million, down 5.94% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.13 per share and revenue of $880.89 million, which would represent changes of -7.14% and -8.05%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for BB. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 100% higher. BB currently has a Zacks Rank of #3 (Hold).
Digging into valuation, BB currently has a Forward P/E ratio of 57.83. This valuation marks a premium compared to its industry's average Forward P/E of 11.86.
It is also worth noting that BB currently has a PEG ratio of 3.12. 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. BB's industry had an average PEG ratio of 1.04 as of yesterday's close.
The Wireless Non-US industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 96, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.