BlackBerry (NYSE:BB) Releases Earnings Results, Beats Expectations By $0.01 EPS

BlackBerry (NYSE:BBGet Free Report) announced its earnings results on Wednesday. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01, RTT News reports. The business had revenue of $144.00 million for the quarter, compared to analyst estimates of $132.05 million. BlackBerry had a negative return on equity of 0.24% and a negative net margin of 15.24%. The company’s revenue for the quarter was down 61.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.04 earnings per share.

BlackBerry Stock Performance

Shares of NYSE BB traded down $0.03 during midday trading on Wednesday, hitting $2.21. 12,461,691 shares of the company’s stock were exchanged, compared to its average volume of 10,522,018. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The stock’s 50 day moving average price is $2.77 and its 200-day moving average price is $2.97. The firm has a market cap of $1.30 billion, a P/E ratio of -9.21 and a beta of 1.37. BlackBerry has a twelve month low of $2.20 and a twelve month high of $5.75.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reiterated a “sector perform” rating and issued a $3.00 price target on shares of BlackBerry in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, BlackBerry has an average rating of “Hold” and an average price target of $4.08.

Check Out Our Latest Research Report on BB

About BlackBerry

(Get Free Report)

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.

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Earnings History for BlackBerry (NYSE:BB)

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