BlackBerry (NYSE:BB) Issues Q2 2027 Earnings Guidance

BlackBerry (NYSE:BB) issued an update on its second quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.030-0.040 for the period, compared to the consensus estimate of 0.040. The company issued revenue guidance of $137.0 million-$148.0 million, compared to the consensus revenue estimate of $139.4 million. BlackBerry also updated its FY 2027 guidance to 0.160-0.200 EPS.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BB. Canaccord Genuity Group increased their price target on BlackBerry from $4.40 to $8.20 and gave the company a “hold” rating in a research note on Wednesday. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. Stifel Nicolaus assumed coverage on BlackBerry in a research report on Wednesday. They set a “buy” rating and a $12.00 target price for the company. Weiss Ratings raised BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $4.50 price target on shares of BlackBerry in a research report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, BlackBerry currently has an average rating of “Hold” and an average target price of $7.17.

BlackBerry Stock Up 20.7%

Shares of BlackBerry stock opened at $10.40 on Thursday. The company has a market capitalization of $6.10 billion, a P/E ratio of 128.84 and a beta of 2.29. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 2.12. The business has a 50-day moving average of $7.25 and a two-hundred day moving average of $4.93. BlackBerry has a 1 year low of $3.12 and a 1 year high of $10.93.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Thursday, April 9th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.The business had revenue of $157.96 million for the quarter, compared to analysts’ expectations of $144.27 million. During the same quarter in the previous year, the business posted $0.03 EPS. BlackBerry’s revenue for the quarter was up 10.1% on a year-over-year basis. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. As a group, equities analysts predict that BlackBerry will post 0.13 EPS for the current year.

Insider Buying and Selling

In other news, CEO John Joseph Giamatteo sold 27,066 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total value of $96,354.96. Following the completion of the transaction, the chief executive officer owned 899,146 shares in the company, valued at $3,200,959.76. This represents a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of the company’s stock in a transaction that occurred on Saturday, April 4th. The shares were sold at an average price of $3.56, for a total transaction of $106,472.48. Following the completion of the transaction, the senior vice president owned 94,903 shares of the company’s stock, valued at $337,854.68. This trade represents a 23.96% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 73,171 shares of company stock worth $260,489. Insiders own 0.51% of the company’s stock.

Key BlackBerry News

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: BlackBerry delivered a double beat on earnings and revenue, with quarterly revenue growth of about 26% and adjusted EPS above analyst estimates. Conference Call
• Positive Sentiment: The company raised its fiscal 2027 outlook, citing momentum in QNX and new AI-related opportunities in embedded software, which suggests management sees continued growth ahead. Reuters Article
• Positive Sentiment: BlackBerry reported its first cash-positive quarter in nine years on an operating-cash-flow basis, a notable milestone that supports the turnaround story. Press Release
• Positive Sentiment: Stifel initiated coverage with a Buy rating and a $12 price target, reinforcing investor confidence in the company’s shift toward mission-critical software. CNBC Article
• Neutral Sentiment: BlackBerry continues to transition away from its legacy smartphone business, with investor attention now centered on software execution rather than consumer hardware.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. First Trust Advisors LP grew its holdings in shares of BlackBerry by 34.4% during the fourth quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock worth $94,718,000 after buying an additional 6,399,502 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in BlackBerry by 1.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock worth $77,116,000 after acquiring an additional 209,448 shares during the last quarter. Bank of America Corp DE boosted its position in BlackBerry by 21.3% during the 3rd quarter. Bank of America Corp DE now owns 5,584,564 shares of the company’s stock worth $27,253,000 after acquiring an additional 980,359 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of BlackBerry by 31.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,051,338 shares of the company’s stock worth $15,355,000 after acquiring an additional 972,738 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of BlackBerry by 52.9% during the 3rd quarter. UBS Group AG now owns 3,041,707 shares of the company’s stock worth $14,844,000 after acquiring an additional 1,052,398 shares in the last quarter. 54.48% of the stock is owned by institutional investors and hedge funds.

BlackBerry Company Profile

BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.

At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.