BlackBerry Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
BlackBerry Limited (NYSE:BB) is set to release its Q4 earnings on April 3, 2024, with analysts predicting a loss of 3 cents per share and revenue of $154.78 million, an increase from the previous year. The company recently inaugurated a Cybersecurity Center of Excellence in Kuala Lumpur. Shares rose 3.7% to $2.80. Analysts have revised their ratings and price targets, with changes ranging from maintaining current ratings to upgrading the stock and adjusting price targets.
April 03, 2024 | 3:18 pm
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BlackBerry is anticipated to report a Q4 loss of 3 cents per share with revenue of $154.78 million. The company's recent inauguration of a Cybersecurity Center and analyst ratings adjustments could influence its stock.
The anticipation of a slight increase in revenue compared to the previous year, combined with the strategic move of opening a Cybersecurity Center, suggests positive momentum for BlackBerry. Analysts' adjustments in ratings and price targets further indicate a changing perspective on the stock's value, potentially leading to increased investor interest and a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100