What to Expect From BlackBerry Earnings

By Chris Lange Updated Jan 13, 11:18AM EST · Published Mar 31, 1:05PM EDT

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What to Expect From BlackBerry Earnings — © courtesy of BlackBerry Ltd.

BlackBerry Ltd. (NASDAQ: BBRY) is scheduled to report its fiscal fourth-quarter financial results before the markets open on Friday. The consensus estimates from Thomson Reuters call for a net loss of $0.10 per share on $563.18 million in revenue. In the same period of the previous year, it posted earnings per share (EPS) of $0.04 and $660.00 million in revenue.

This company has witnessed one of the greatest falls from grace and prime time in the modern era of consumer electronics. The company has a relatively new CEO in John Chen, and he is considered stellar for keeping things up better than they might otherwise be. The problem here is that some analysts and some investors are still very concerned about BlackBerry’s future.

BlackBerry provides wireless communications solutions worldwide, including the sale of BlackBerry handheld devices, the provision of data communication, and compression and security infrastructure services enabling BlackBerry handheld wireless devices to send and receive wireless messages and data.
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A few analysts weighed in on BlackBerry prior to its report:

Morgan Stanley reiterated an Equal Weight rating with a $7 price target.
TD Securities initiated coverage with a Buy rating and an $8 price target.
Howard Well initiated coverage with a Sector Perform rating.

So far in 2016, BlackBerry has underperformed the market, with the stock down about 14%. Over the past 52 weeks, the stock is only down 9%.

Shares of BlackBerry were trading up 0.7% at $8.07 on Thursday, with a consensus analyst price target of $7.86 and a 52-week trading range of $5.96 to $11.09.

About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.