BlackBerry (NYSE:BB) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

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BlackBerry (NYSE:BB) issued its quarterly earnings results on Thursday. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.09, MarketWatch Earnings reports. The business had revenue of $259.00 million during the quarter, compared to analysts’ expectations of $239.74 million. BlackBerry had a positive return on equity of 0.88% and a negative net margin of 75.38%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis.

Shares of NYSE:BB opened at $4.77 on Friday. The company has a fifty day moving average of $4.91 and a 200-day moving average of $4.56. The company has a market capitalization of $2.65 billion, a PE ratio of -3.46 and a beta of 1.53. BlackBerry has a 52-week low of $2.70 and a 52-week high of $6.89.

Several brokerages recently issued reports on BB. Bank of America boosted their price target on BlackBerry from $5.00 to $5.50 and gave the company a “neutral” rating in a research note on Friday, June 12th. Raymond James set a $7.50 price target on BlackBerry and gave the company a “market perform” rating in a research note on Thursday, June 25th. TD Securities boosted their price target on BlackBerry from $5.00 to $5.50 and gave the company a “hold” rating in a research note on Friday. ValuEngine cut BlackBerry from a “buy” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, Pi Financial restated a “neutral” rating on shares of BlackBerry in a research note on Monday, June 22nd. Twelve analysts have rated the stock with a hold rating, BlackBerry currently has an average rating of “Hold” and a consensus price target of $5.80.

BlackBerry Company Profile

BlackBerry Limited provides enterprise software and services worldwide. The company offers BlackBerry Enterprise Mobility Suite, which combines and integrates mobile security, management, productivity, and collaboration solutions, such as BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; BlackBerry AtHoc, a networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting services; and BBM Enterprise, an enterprise-grade instant messaging solution, as well as BlackBerry Spark Communication services.

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Earnings History for BlackBerry (NYSE:BB)

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