BlackBerry Ltd Expected to Earn FY2018 Earnings of $0.00 Per Share (BB)

BlackBerry Ltd (NYSE:BB) – Stock analysts at William Blair boosted their FY2018 earnings estimates for shares of BlackBerry in a research note issued on Wednesday. William Blair analyst A. Doradla now anticipates that the company will earn $0.00 per share for the year, up from their prior forecast of ($0.04). William Blair also issued estimates for BlackBerry’s Q1 2019 earnings at ($0.01) EPS, Q2 2019 earnings at $0.03 EPS, Q3 2019 earnings at $0.03 EPS and Q4 2019 earnings at $0.01 EPS.

Other research analysts have also issued reports about the company. Canaccord Genuity reissued a “hold” rating and set a $11.00 target price on shares of BlackBerry in a report on Thursday. BMO Capital Markets reissued a “hold” rating and set a $12.00 target price on shares of BlackBerry in a report on Thursday. Royal Bank of Canada boosted their target price on BlackBerry from $10.50 to $11.00 and gave the stock a “sector perform” rating in a report on Thursday. TD Securities boosted their target price on BlackBerry from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Scotiabank reissued a “buy” rating and set a $12.50 target price on shares of BlackBerry in a report on Thursday. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $10.26.

BlackBerry (NYSE BB) traded down $0.20 during trading hours on Monday, hitting $11.60. The company’s stock had a trading volume of 4,822,600 shares, compared to its average volume of 6,216,873. The firm has a market cap of $6,100.00, a price-to-earnings ratio of 12.08 and a beta of 1.09. BlackBerry has a 52-week low of $6.65 and a 52-week high of $12.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.26 and a quick ratio of 5.17.

BlackBerry (NYSE:BB) last released its earnings results on Wednesday, December 20th. The company reported ($0.52) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.49). The firm had revenue of $235.00 million during the quarter, compared to the consensus estimate of $216.70 million. BlackBerry had a net margin of 37.36% and a return on equity of 3.70%. The company’s revenue was down 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 EPS.

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About BlackBerry

BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.

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