BlackBerry Limited BB is set to unveil its fourth-quarter earnings after the market closes on April 3, 2024.
Anticipations are rife for the earnings results of this Waterloo, Canada-based company, as analysts forecast a quarterly loss of 3 cents per share, marginally more than the previous year’s 2 cents per share deficit. Revenue wise, BlackBerry is expected to announce $154.78 million in the fourth quarter, an uptick from the $151 million revenue recorded during the corresponding quarter the year before, per data sourced from Benzinga Pro.
In a notable recent move, BlackBerry unveiled a Cybersecurity Center of Excellence (CCoE) in Kuala Lumpur last week. The center’s inauguration was graced by distinguished figures including Prime Minister of Malaysia Anwar Ibrahim, Canada’s Minister of Export Promotion, International Trade and Economic Development Mary Ng, and BlackBerry CEO John Giamatteo.
Market activity indicates bullish sentiments as BlackBerry shares surged by 3.7%, closing at $2.80 on Tuesday.
For enthusiasts wanting a closer look at the company through the lens of leading industry analysts, here are some recent ratings:
- Delve into the perspectives of Benzinga’s most precise analysts who have appraised the company in recent times.
- RBC Capital analyst Paul Treiber maintained a Sector Perform rating but adjusted the price target downwards from $4 to $3 on February 14, 2024, displaying an accuracy rate of 61%.
- TD Securities analyst Daniel Chan retained a Hold rating and revised the price target from $5 to $4 on October 5, 2023. This analyst boasts a striking accuracy rate of 74%.
- CIBC analyst Todd Coupland upgraded the stock from Underperformer to Neutral and lifted the price target from $4.2 to $6.5 on May 18, 2023, showcasing an accuracy rate of 65%.
- Canaccord Genuity analyst Michael Walkley maintained a Hold rating but increased the price target from $4 to $5.5 on May 18, 2023, demonstrating an impressive accuracy rate of 76%.
Curious minds can explore further insights with Jim Cramer’s advice on a profitable airline stock, along with knowing when to ‘Ring The Register’ for Kodiak.