In the latest trading session, BlackBerry (BB - Free Report) closed at $7.90, marking a -1.86% move from the previous day. This change lagged the S&P 500's daily loss of 0.69%. At the same time, the Dow lost 0.87%, and the tech-heavy Nasdaq lost 0.79%.
Prior to today's trading, shares of the cybersecurity software and services company had lost 12.31% over the past month. This has lagged the Computer and Technology sector's loss of 7.49% and the S&P 500's loss of 4.53% in that time.
Investors will be hoping for strength from BB as it approaches its next earnings release. On that day, BB is projected to report earnings of $0.01 per share, which would represent a year-over-year decline of 66.67%. Meanwhile, our latest consensus estimate is calling for revenue of $249.12 million, up 14.8% from the prior-year quarter.
BB's full-year Zacks Consensus Estimates are calling for earnings of $0.10 per share and revenue of $1.13 billion. These results would represent year-over-year changes of -58.33% and +22.99%, respectively.
Any recent changes to analyst estimates for BB should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. BB currently has a Zacks Rank of #3 (Hold).
In terms of valuation, BB is currently trading at a Forward P/E ratio of 84.74. For comparison, its industry has an average Forward P/E of 13.4, which means BB is trading at a premium to the group.
The Wireless Non-US industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 227, which puts it in the bottom 12% 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.