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BlackBerry (BB) Dips More Than Broader Markets: What You Should Know

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BlackBerry (BB) closed at $10.19 in the latest trading session, marking a -1.59% move from the prior day. This change lagged the S&P 500's 0.54% loss on the day.

Prior to today's trading, shares of the cybersecurity software and services company had lost 14.96% over the past month. This has lagged the Computer and Technology sector's gain of 2.05% and the S&P 500's gain of 3.05% in that time.

Wall Street will be looking for positivity from BB as it approaches its next earnings report date. In that report, analysts expect BB to post earnings of -$0.06 per share. This would mark a year-over-year decline of 154.55%.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.09 per share and revenue of $807 million, which would represent changes of -150% and -12.19%, respectively, from the prior year.

Any recent changes to analyst estimates for BB should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. BB is holding a Zacks Rank of #3 (Hold) right now.

The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 171, putting it in the bottom 33% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow BB in the coming trading sessions, be sure to utilize Zacks.com.


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