BlackBerry (BB) Set to Announce Earnings on Wednesday

BlackBerry (TSE:BB) (NASDAQ:BBRY) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, September 22nd. Analysts expect the company to announce earnings of C($0.12) per share for the quarter.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last released its earnings results on Thursday, June 24th. The company reported C($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.12) by C$0.04. The firm had revenue of C$215.76 million during the quarter.

Shares of BB stock opened at C$12.09 on Tuesday. BlackBerry has a 1 year low of C$5.82 and a 1 year high of C$36.00. The company has a debt-to-equity ratio of 57.07, a quick ratio of 2.22 and a current ratio of 2.37. The business’s fifty day moving average is C$13.13 and its 200-day moving average is C$13.03. The stock has a market cap of C$6.85 billion and a PE ratio of -10.09.

Several research firms have issued reports on BB. Canaccord Genuity upgraded shares of BlackBerry from a “sell” rating to a “hold” rating and set a C$9.00 price target on the stock in a research report on Wednesday, August 18th. TD Securities reaffirmed a “reduce” rating and set a C$8.50 target price (down from C$10.50) on shares of BlackBerry in a research report on Thursday, September 16th. Royal Bank of Canada reaffirmed a “sell” rating and set a C$9.50 target price on shares of BlackBerry in a report on Friday. Cfra lifted their price target on BlackBerry from C$9.00 to C$13.00 and gave the stock a “hold” rating in a research note on Friday, June 25th. Finally, CIBC lowered shares of BlackBerry from a “neutral” rating to an “underperform” rating and upped their price objective for the company from C$9.00 to C$11.00 in a research note on Friday, June 25th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$10.63.

About BlackBerry

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company leverages artificial intelligence and machine learning to deliver solutions in the areas of cybersecurity, safety, and data privacy; and endpoint security management, encryption, and embedded systems.

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Earnings History for BlackBerry (TSE:BB)

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