BlackBerry (NYSE:BB) Updates Q3 2027 Earnings Guidance

BlackBerry (NYSE:BB) issued an update on its third quarter 2027 earnings guidance on Thursday morning. The company provided EPS guidance of 0.040-0.050 for the period, compared to the consensus earnings per share estimate of 0.050. The company issued revenue guidance of $143.0 million-$154.0 million, compared to the consensus revenue estimate of $148.8 million. BlackBerry also updated its FY 2027 guidance to 0.190-0.220 EPS.

BlackBerry Stock Performance

Shares of BB opened at $8.39 on Thursday. The company has a 50-day moving average of $8.32 and a two-hundred day moving average of $7.33. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 93.24 and a beta of 2.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. BlackBerry has a one year low of $3.12 and a one year high of $13.59.

BlackBerry (NYSE:BB) last issued its quarterly earnings results on Thursday, September 24th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. On average, equities research analysts expect that BlackBerry will post 0.13 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. TD upped their price target on BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Raymond James Financial raised their price target on shares of BlackBerry from $4.75 to $9.50 and gave the stock a “market perform” rating in a report on Friday, June 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $9.00 price objective on shares of BlackBerry in a research report on Monday. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, BlackBerry currently has a consensus rating of “Hold” and a consensus target price of $8.92.

Insider Buying and Selling at BlackBerry

In other BlackBerry news, CEO John Giamatteo sold 152,012 shares of the business’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $11.35, for a total value of $1,725,336.20. Following the completion of the sale, the chief executive officer owned 687,246 shares of the company’s stock, valued at $7,800,242.10. The trade was a 18.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip S. Kurtz sold 6,414 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $11.07, for a total value of $71,002.98. Following the sale, the insider directly owned 125,158 shares of the company’s stock, valued at $1,385,499.06. The trade was a 4.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 355,858 shares of company stock valued at $4,012,270 over the last three months. 0.51% of the stock is owned by insiders.

About BlackBerry

BlackBerry Limited is a Canadian software company headquartered in Waterloo, Ontario, that provides cybersecurity and Internet of Things (IoT) solutions to enterprises, governments and other organizations worldwide. Its cybersecurity offerings include endpoint protection, endpoint management, identity and access controls, secure communications, and tools designed to help organizations monitor and respond to cyber threats.

The company’s IoT business is built around QNX, a software platform used in automotive systems and other embedded applications.