BlackBerry (NYSE:BB) Releases FY 2025 Earnings Guidance

BlackBerry (NYSE:BB) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of -0.050–0.020 for the period, compared to the consensus EPS estimate of -0.040. The company issued revenue guidance of $591.0 million-$616.0 million, compared to the consensus revenue estimate of $604.3 million. BlackBerry also updated its FY25 guidance to $(0.05)-$(0.02) EPS.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BB shares. Royal Bank of Canada reiterated a sector perform rating and set a $3.00 price objective on shares of BlackBerry in a research note on Thursday, June 27th. Raymond James decreased their price objective on shares of BlackBerry from $5.50 to $4.75 and set a market perform rating for the company in a research report on Friday, June 28th. Canaccord Genuity Group reduced their price target on BlackBerry from $3.25 to $2.70 and set a hold rating for the company in a report on Thursday, June 27th. CIBC upgraded BlackBerry from a neutral rating to a sector outperform rating and set a $3.50 price objective on the stock in a report on Thursday, June 27th. Finally, Cibc World Mkts upgraded BlackBerry from a hold rating to a strong-buy rating in a research note on Thursday, June 27th. 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 given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $3.20.

BlackBerry Price Performance

Shares of BB stock opened at $2.55 on Friday. The company has a market capitalization of $1.50 billion, a P/E ratio of -8.78 and a beta of 1.39. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $2.35 and a two-hundred day moving average of $2.60. BlackBerry has a 12 month low of $2.01 and a 12 month high of $4.94.

BlackBerry (NYSE:BB) last posted 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 net margin of 25.80% and a negative return on equity of 6.43%. The company had revenue of $144.00 million during the quarter, compared to analyst estimates of $132.05 million. During the same quarter last year, the business posted $0.04 earnings per share. The company’s revenue was down 61.4% on a year-over-year basis. As a group, equities analysts expect that BlackBerry will post -0.09 EPS for the current 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.