BlackBerry (NYSE:BB) Issues FY 2027 Earnings Guidance

BlackBerry (NYSE:BBGet Free Report) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided EPS guidance of 0.190-0.220 for the period, compared to the consensus earnings per share estimate of 0.180. The company issued revenue guidance of $616.0 million-$636.0 million, compared to the consensus revenue estimate of $614.1 million. BlackBerry also updated its Q3 2027 guidance to 0.040-0.050 EPS.

BlackBerry Stock Down 2.7%

NYSE BB opened at $8.39 on Thursday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26. BlackBerry has a 1-year low of $3.12 and a 1-year high of $13.59. The company has a 50 day moving average of $8.32 and a 200-day moving average of $7.33. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 93.24 and a beta of 2.23.

BlackBerry (NYSE:BBGet Free Report) last announced its quarterly earnings data on Thursday, September 24th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. On average, equities research analysts expect that BlackBerry will post 0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. Stifel Nicolaus began coverage on BlackBerry in a report on Wednesday, June 24th. They issued a “buy” rating and a $12.00 target price on the stock. Canadian Imperial Bank of Commerce raised their price target on shares of BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a research report on Friday, June 26th. Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Zacks Research downgraded BlackBerry from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, TD Securities restated a “hold” rating and issued a $8.00 target price on shares of BlackBerry in a report on Friday, June 26th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BlackBerry currently has a consensus rating of “Hold” and an average target price of $8.92.

Read Our Latest Research Report on BB

Insider Buying and Selling at BlackBerry

In other BlackBerry news, CEO John Giamatteo sold 152,012 shares of the business’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $11.35, for a total transaction of $1,725,336.20. Following the sale, the chief executive officer owned 687,246 shares of the company’s stock, valued at $7,800,242.10. The trade was a 18.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Philip Kurtz sold 6,414 shares of the stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $11.07, for a total value of $71,002.98. Following the sale, the insider directly owned 125,158 shares in the company, valued at $1,385,499.06. This trade represents a 4.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 355,858 shares of company stock valued at $4,012,270. 0.51% of the stock is owned by corporate insiders.

About BlackBerry

(Get Free Report)

BlackBerry Limited is a Canadian software company headquartered in Waterloo, Ontario, that provides cybersecurity and Internet of Things (IoT) solutions to enterprises, governments and other organizations worldwide. Its cybersecurity offerings include endpoint protection, endpoint management, identity and access controls, secure communications, and tools designed to help organizations monitor and respond to cyber threats.

The company’s IoT business is built around QNX, a software platform used in automotive systems and other embedded applications.

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