BlackBerry Ltd. (NASDAQ: BBRY) is scheduled to report its fiscal third-quarter financial results before the markets open on Friday. The consensus estimates from Thomson Reuters call for a net loss of $0.14 per share on $489.06 million in revenue. The same period from the previous year had earnings of $0.01 per share on $793.00 million in revenue.
After having a rough 2015 so far, BlackBerry finally starting building some positive momentum in November. The company announced the completion of its acquisition of Good Technology, and investors responded positively.
BlackBerry will integrate Good’s software solutions and services with its own software suites to offer what it believes is the industry’s most complete end-to-end solution to secure the entire mobile enterprise, across all platforms and applications, while protecting personal privacy.
The company anticipates this acquisition to be accretive to earnings and cash flow within the first year after closing. The company also expects to realize roughly $160 million in revenue from Good in the first year, including the impact of an expected write-down of certain of Good’s deferred revenues.
A few analysts weighed in on BlackBerry ahead of earnings:
- Credit Suisse reiterated a Sell rating.
- RBC Capital reiterated a Sector Perform rating with an $8 price target.
- Wells Fargo reiterated a Hold rating.
- Robert Baird reiterated a Hold rating.
As 2015 is coming to a close, BlackBerry is underperforming the market with the stock down over 25% year to date.
Shares of BlackBerry were last trading down 3.4% at $7.90, with a consensus analyst price target of $7.25 and a 52-week trading range of $5.96 to $12.63.
The Average American Has No Idea How Much Money You Can Make Today (Sponsor)
The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.
But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.