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BlackBerry (BB) Gains But Lags Market: What You Should Know
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BlackBerry (BB - Free Report) closed at $11.40 in the latest trading session, marking a +0.26% move from the prior day. This move lagged the S&P 500's daily gain of 0.37%.
Prior to today's trading, shares of the cybersecurity software and services company had gained 18.44% over the past month. This has outpaced the Computer and Technology sector's gain of 5.35% and the S&P 500's gain of 5.96% in that time.
Wall Street will be looking for positivity from BB as it approaches its next earnings report date. In that report, analysts expect BB to post earnings of -$0.06 per share. This would mark a year-over-year decline of 400%.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.20 per share and revenue of $734 million. These totals would mark changes of -211.11% and -20.13%, respectively, from last year.
Any recent changes to analyst estimates for BB should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. BB is currently sporting a Zacks Rank of #3 (Hold).
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 104, putting it in the top 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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BlackBerry (BB) Gains But Lags Market: What You Should Know
BlackBerry (BB - Free Report) closed at $11.40 in the latest trading session, marking a +0.26% move from the prior day. This move lagged the S&P 500's daily gain of 0.37%.
Prior to today's trading, shares of the cybersecurity software and services company had gained 18.44% over the past month. This has outpaced the Computer and Technology sector's gain of 5.35% and the S&P 500's gain of 5.96% in that time.
Wall Street will be looking for positivity from BB as it approaches its next earnings report date. In that report, analysts expect BB to post earnings of -$0.06 per share. This would mark a year-over-year decline of 400%.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.20 per share and revenue of $734 million. These totals would mark changes of -211.11% and -20.13%, respectively, from last year.
Any recent changes to analyst estimates for BB should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. BB is currently sporting a Zacks Rank of #3 (Hold).
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 104, putting it in the top 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.