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Factors to Note Ahead of BlackBerry's (BB) Q2 Earnings Release
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BlackBerry (BB - Free Report) is scheduled to report second-quarter fiscal 2024 results on Sep 28.
The Zacks Consensus Estimate is pegged at a loss of 2 cents per share, unchanged over the past 60 days. The company had reported loss of 5 cents in the prior-year quarter.
In the last reported quarter, BB reported adjusted earnings per share of 6 cents. The Zacks Consensus Estimate was pegged at a loss of 5 cents. In the prior-year quarter it incurred non-GAAP loss of 5 cents.
Quarterly total revenues were $373 million compared with prior-quarter’s $168 million. The company beat the Zacks Consensus Estimate of $159.4 million.
This Canada-based firm invests in product development and go-to-market strategy to drive long-term sustainable growth. It has aligned the software and services business around two key market opportunities — Cybersecurity and Internet of Things (IoT).
BlackBerry recently reported its selected preliminary financial results for the second quarter of fiscal 2024.
The company’s Cybersecurity division has encountered prolonged sales cycles, particularly within the government sector. Also, delays in finalizing significant deals are anticipated to impact revenues recognized for the to-be-reported quarter.
BlackBerry noted that the IoT business division is gaining from opportunities in a vast market, which is likely to benefit from multi-year secular trends. However, certain automakers are postponing software development programs and production schedules in the short term, which are headwinds.
For the fiscal second quarter, management expects revenues to be $132 million. Revenues from IoT, Cybersecurity, and licensing and other are projected to be $49 million, $80 million and $3 million, respectively.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for BlackBerry this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
BlackBerry has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some stocks that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around.
Conagra is slated to release first-quarter fiscal 2024 results on Oct 5. The Zacks Consensus Estimate for earnings is pegged at 60 cents per share, implying an increase of 5.3% from the prior-year quarter. Shares of CAG have lost 14.6% of their value in the past year.
Domino's Pizza (DPZ - Free Report) has an Earnings ESP of +3.34% and a Zacks Rank of 3.
Domino's Pizza is set to report third-quarter 2023 figures on Oct 12. The Zacks Consensus Estimate is pegged at earnings of $3.29 per share, implying an increase of 17.9% from the prior-year quarter. Shares of DPZ have gained 21.9% in the past year.
Lamb Weston Holdings (LW - Free Report) has an Earnings ESP of +1.94% and a Zacks Rank of 2.
Lamb Weston Holdings is scheduled to release first-quarter fiscal 2024 numbers on Oct 5. The Zacks Consensus Estimate for earnings is pegged at $1.08 per share, suggesting a year-over-year rise of 44%. Shares of LW have improved 22% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Factors to Note Ahead of BlackBerry's (BB) Q2 Earnings Release
BlackBerry (BB - Free Report) is scheduled to report second-quarter fiscal 2024 results on Sep 28.
The Zacks Consensus Estimate is pegged at a loss of 2 cents per share, unchanged over the past 60 days. The company had reported loss of 5 cents in the prior-year quarter.
In the last reported quarter, BB reported adjusted earnings per share of 6 cents. The Zacks Consensus Estimate was pegged at a loss of 5 cents. In the prior-year quarter it incurred non-GAAP loss of 5 cents.
Quarterly total revenues were $373 million compared with prior-quarter’s $168 million. The company beat the Zacks Consensus Estimate of $159.4 million.
This Canada-based firm invests in product development and go-to-market strategy to drive long-term sustainable growth. It has aligned the software and services business around two key market opportunities — Cybersecurity and Internet of Things (IoT).
BlackBerry Limited Price and EPS Surprise
BlackBerry Limited price-eps-surprise | BlackBerry Limited Quote
Factors to Note
BlackBerry recently reported its selected preliminary financial results for the second quarter of fiscal 2024.
The company’s Cybersecurity division has encountered prolonged sales cycles, particularly within the government sector. Also, delays in finalizing significant deals are anticipated to impact revenues recognized for the to-be-reported quarter.
BlackBerry noted that the IoT business division is gaining from opportunities in a vast market, which is likely to benefit from multi-year secular trends. However, certain automakers are postponing software development programs and production schedules in the short term, which are headwinds.
For the fiscal second quarter, management expects revenues to be $132 million. Revenues from IoT, Cybersecurity, and licensing and other are projected to be $49 million, $80 million and $3 million, respectively.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for BlackBerry this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
BlackBerry has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some stocks that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around.
Conagra Brands (CAG - Free Report) has an Earnings ESP of +0.87% and a Zacks Rank of 3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Conagra is slated to release first-quarter fiscal 2024 results on Oct 5. The Zacks Consensus Estimate for earnings is pegged at 60 cents per share, implying an increase of 5.3% from the prior-year quarter. Shares of CAG have lost 14.6% of their value in the past year.
Domino's Pizza (DPZ - Free Report) has an Earnings ESP of +3.34% and a Zacks Rank of 3.
Domino's Pizza is set to report third-quarter 2023 figures on Oct 12. The Zacks Consensus Estimate is pegged at earnings of $3.29 per share, implying an increase of 17.9% from the prior-year quarter. Shares of DPZ have gained 21.9% in the past year.
Lamb Weston Holdings (LW - Free Report) has an Earnings ESP of +1.94% and a Zacks Rank of 2.
Lamb Weston Holdings is scheduled to release first-quarter fiscal 2024 numbers on Oct 5. The Zacks Consensus Estimate for earnings is pegged at $1.08 per share, suggesting a year-over-year rise of 44%. Shares of LW have improved 22% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.