BlackBerry (NYSE:BB) Issues FY25 Earnings Guidance

BlackBerry (NYSE:BB) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $(0.05)-$(0.02) for the period, compared to the consensus estimate of ($0.07). The company issued revenue guidance of $591-616 million, compared to the consensus revenue estimate of $598.03 million. BlackBerry also updated its FY 2025 guidance to -0.050–0.020 EPS.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BB. Cibc World Mkts raised shares of BlackBerry from a hold rating to a strong-buy rating in a research note on Thursday, June 27th. Robert W. Baird lowered their price objective on shares of BlackBerry from $3.50 to $3.00 and set a neutral rating for the company in a research report on Thursday, June 27th. CIBC upgraded shares of BlackBerry from a neutral rating to a sector outperform rating and set a $3.50 target price on the stock in a research note on Thursday, June 27th. Canaccord Genuity Group decreased their target price on BlackBerry from $3.25 to $2.70 and set a hold rating for the company in a research report on Thursday, June 27th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and set a $3.00 price target on shares of BlackBerry in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, BlackBerry currently has an average rating of Hold and an average target price of $3.20.

BlackBerry Stock Performance

Shares of BB opened at $2.52 on Friday. The stock has a 50-day moving average of $2.35 and a two-hundred day moving average of $2.60. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.26. BlackBerry has a one year low of $2.01 and a one year high of $4.90.

BlackBerry (NYSE:BB) last announced its earnings results on Thursday, September 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02. BlackBerry had a negative net margin of 25.80% and a negative return on equity of 6.43%. The company had revenue of $145.00 million for the quarter, compared to analysts’ expectations of $138.82 million. During the same quarter in the previous year, the company posted ($0.06) EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. On average, research analysts forecast that BlackBerry will post -0.09 earnings per share for the current fiscal year.

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.