BlackBerry (NYSE:BB) Issues FY 2025 Earnings Guidance

BlackBerry (NYSE:BB) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of -0.020-0.000 for the period, compared to the consensus earnings per share estimate of -0.020. The company issued revenue guidance of $517.0 million-$526.0 million, compared to the consensus revenue estimate of $603.1 million. BlackBerry also updated its Q4 guidance to $(0.02)-$0.00 EPS.

BlackBerry Trading Down 1.0 %

BlackBerry stock opened at $2.98 on Friday. BlackBerry has a one year low of $2.01 and a one year high of $4.27. The business’s fifty day moving average is $2.53 and its 200 day moving average is $2.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market capitalization of $1.76 billion, a PE ratio of -11.92 and a beta of 1.43.

BlackBerry (NYSE:BB) last issued its quarterly earnings results on Thursday, December 19th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. BlackBerry had a negative return on equity of 3.38% and a negative net margin of 21.66%. The business had revenue of $143.00 million during the quarter, compared to analysts’ expectations of $144.84 million. During the same quarter in the prior year, the business posted $0.01 earnings per share. The business’s quarterly revenue was down 5.9% on a year-over-year basis. On average, sell-side analysts predict that BlackBerry will post -0.06 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. StockNews.com raised BlackBerry from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Robert W. Baird boosted their target price on shares of BlackBerry from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Friday. TD Securities raised shares of BlackBerry from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Friday. CIBC lifted their target price on BlackBerry from $3.50 to $3.60 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada increased their price target on BlackBerry from $3.00 to $3.25 and gave the company a “sector perform” rating in a report on Tuesday. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, BlackBerry has a consensus rating of “Hold” and an average price target of $3.51.

Insider Activity

In related news, insider Philip S. Kurtz sold 15,005 shares of the business’s stock in a transaction on Saturday, September 28th. The shares were sold at an average price of $2.53, for a total transaction of $37,962.65. Following the completion of the transaction, the insider now directly owns 30,129 shares in the company, valued at $76,226.37. The trade was a 33.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.34% of the company’s stock.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.