BlackBerry Drops 4.85% to $7.65 as Earnings Outlook Stays in Focus
Updated
Updated · Yahoo Finance · Aug 24
BlackBerry Drops 4.85% to $7.65 as Earnings Outlook Stays in Focus
1 articles · Updated · Yahoo Finance · Aug 24
Summary
BlackBerry closed down 4.85% at $7.65, sharply underperforming the S&P 500’s 0.28% decline in the latest session.
The slide adds to recent weakness: the stock had already lost 5.85% over the past month, trailing the Computer and Technology sector’s 1.04% gain and the S&P 500’s 2.31% rise.
Investors are now watching BlackBerry’s next earnings report, with consensus calling for EPS of $0.04 and revenue of $143 million, up 10.34% from a year earlier.
For the full fiscal year, analysts expect $0.17 a share and $612.37 million in revenue, while the stock still trades at a 47.29 forward P/E versus its industry’s 20.99 average.
Estimate revisions have been steady over the past month, leaving BlackBerry at a Zacks Rank #2 Buy even as its premium valuation and recent underperformance keep pressure on the shares.