BlackBerry’s Fourth Quarter Earnings Expectation
BlackBerry Limited BB is set to release earnings for its fourth quarter after the closing bell on April 3, 2024.
Analyst Predictions and Business Developments
Analysts anticipate a quarterly loss of 3 cents per share compared to a loss of 2 cents per share in the same period last year. Revenue for the quarter is estimated at $154.78 million, up from $151 million in the previous year.
Recent Business Ventures
Recently, BlackBerry inaugurated a Cybersecurity Center of Excellence (CCoE) in Kuala Lumpur. The ceremony saw the presence of dignitaries including the Prime Minister of Malaysia Anwar Ibrahim, Mary Ng, and BlackBerry CEO John Giamatteo.
Market Performance
On Tuesday, BlackBerry’s shares closed at $2.80, marking a 3.7% increase.
Analyst Ratings Snapshot
Take a peek at the recent evaluations by Benzinga’s most accurate analysts:
- RBC Capital’s Paul Treiber maintained a Sector Perform rating with a lowered price target of $3 on Feb. 14, 2024, boasting a 61% accuracy rate.
- TD Securities’ Daniel Chan retained a Hold rating alongside a revised price target of $4 on Oct. 5, 2023, with a 74% accuracy rate.
- CIBC’s Todd Coupland upgraded the stock from Underperformer to Neutral and upped the price target to $6.5 on May 18, 2023, showcasing a 65% accuracy rate.
- Canaccord Genuity’s Michael Walkley sustained a Hold rating with an increased price target of $5.5 on May 18, 2023, with a solid 76% accuracy rate.