Earnings Preview: BlackBerry
Portfolio Pulse from Benzinga Insights
BlackBerry (NYSE:BB) is scheduled to release its quarterly earnings report on Wednesday, 2023-12-20. Analysts predict an EPS of $-0.03. Investors will be looking for an earnings beat and positive guidance for the next quarter. Last quarter, BlackBerry beat EPS estimates by $0.02 but saw a 1.05% drop in share price the following day. Shares are currently trading at $4.15, up 11.2% over the last 52 weeks.
December 19, 2023 | 2:00 pm
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BlackBerry is expected to report an EPS of $-0.03 for the upcoming quarter. Last quarter's EPS beat resulted in a slight stock price drop. Shares are up 11.2% year-over-year, indicating a positive sentiment among long-term investors.
While BlackBerry is expected to report a negative EPS, the stock's reaction may depend more on the guidance provided for future quarters. Historical data shows a mixed reaction to earnings beats, with a slight drop in share price after the last beat. The year-over-year increase in share price suggests a generally positive outlook, but the short-term impact of the earnings report is uncertain.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100