Analysts Expect BlackBerry Ltd (BB) Will Post Quarterly Sales of $211.03 Million
Brokerages expect that BlackBerry Ltd (NYSE:BB) will announce $211.03 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for BlackBerry’s earnings. The highest sales estimate is $215.00 million and the lowest is $207.06 million. BlackBerry posted sales of $286.00 million in the same quarter last year, which would indicate a negative year over year growth rate of 26.2%. The firm is scheduled to report its next earnings report on Friday, March 30th.
On average, analysts expect that BlackBerry will report full-year sales of $211.03 million for the current fiscal year, with estimates ranging from $906.06 million to $943.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $864.11 million per share, with estimates ranging from $837.33 million to $890.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover BlackBerry.
BlackBerry (NYSE:BB) last released its earnings results on Wednesday, December 20th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.49). The business had revenue of $235.00 million during the quarter, compared to analyst estimates of $216.70 million. BlackBerry had a net margin of 37.36% and a return on equity of 3.70%. The business’s quarterly revenue was down 21.9% compared to the same quarter last year. During the same period last year, the business earned $0.02 EPS.
BlackBerry (NYSE:BB) traded up $0.20 on Thursday, reaching $11.61. The company’s stock had a trading volume of 6,270,848 shares, compared to its average volume of 6,261,535. The firm has a market cap of $6,226.52, a price-to-earnings ratio of 21.50 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.26 and a quick ratio of 4.26. BlackBerry has a 12-month low of $6.65 and a 12-month high of $14.55.
BlackBerry Company Profile
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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