BlackBerry (NYSE:BB) Issues FY25 Earnings Guidance

BlackBerry (NYSE:BB) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $(0.07)-$(0.03) for the period, compared to the consensus EPS estimate of ($0.07). The company issued revenue guidance of $586-616 million, compared to the consensus revenue estimate of $592.13 million. BlackBerry also updated its FY 2025 guidance to -0.070–0.030 EPS.

BlackBerry Stock Performance

NYSE:BB opened at $2.45 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. BlackBerry has a fifty-two week low of $2.20 and a fifty-two week high of $5.75. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -8.45 and a beta of 1.37. The stock has a fifty day moving average price of $2.76 and a 200-day moving average price of $2.97.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Wednesday, June 26th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. BlackBerry had a negative return on equity of 6.30% and a negative net margin of 25.80%. The business had revenue of $144.00 million during the quarter, compared to the consensus estimate of $132.05 million. During the same period in the prior year, the company earned $0.04 EPS. BlackBerry’s revenue for the quarter was down 61.4% on a year-over-year basis. As a group, equities analysts anticipate that BlackBerry will post -0.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BB has been the subject of several recent analyst reports. Canaccord Genuity Group dropped their price objective on BlackBerry from $3.25 to $2.70 and set a hold rating for the company in a research report on Thursday. CIBC upgraded BlackBerry from a neutral rating to a sector outperform rating in a research report on Thursday. TD Securities dropped their price objective on BlackBerry from $3.00 to $2.75 and set a hold rating for the company in a research report on Thursday. Canaccord Genuity Group lowered their target price on BlackBerry from $3.25 to $2.70 and set a hold rating for the company in a report on Thursday. Finally, Royal Bank of Canada reaffirmed a sector perform rating and issued a $3.00 target price on shares of BlackBerry in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $3.45.

About BlackBerry

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.