BlackBerry (BB) Projected to Post Quarterly Earnings on Tuesday

BlackBerry (NYSE:BB - Get Free Report) will likely be announcing its Q1 2026 earnings results after the market closes on Tuesday, June 24th. Analysts expect BlackBerry to post earnings of $0.00 per share and revenue of $112.18 million for the quarter.

BlackBerry (NYSE:BB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The company had revenue of $141.70 million during the quarter, compared to the consensus estimate of $137.56 million. BlackBerry had a negative return on equity of 2.02% and a negative net margin of 21.16%. BlackBerry's revenue was down 7.3% on a year-over-year basis. During the same period last year, the company earned $0.03 earnings per share. On average, analysts expect BlackBerry to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BlackBerry Stock Up 6.7%

Shares of BB opened at $4.36 on Tuesday. The company has a market cap of $2.60 billion, a PE ratio of -19.80 and a beta of 1.45. The business has a fifty day moving average of $3.70 and a 200 day moving average of $3.97. BlackBerry has a 52-week low of $2.01 and a 52-week high of $6.24. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BB shares. Wall Street Zen lowered BlackBerry from a "buy" rating to a "hold" rating in a research note on Saturday. Royal Bank of Canada set a $3.75 target price on BlackBerry in a research note on Thursday, April 3rd. CIBC reduced their target price on BlackBerry from $7.00 to $6.00 and set an "outperformer" rating on the stock in a research note on Thursday, April 3rd. Finally, Canaccord Genuity Group reduced their target price on BlackBerry from $4.75 to $4.25 and set a "hold" rating on the stock in a research note on Thursday, April 3rd. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, BlackBerry currently has an average rating of "Hold" and an average price target of $4.12.

Insider Buying and Selling

In related news, SVP Jennifer Armstrong-Owen sold 29,940 shares of BlackBerry stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $2.99, for a total transaction of $89,520.60. Following the completion of the sale, the senior vice president now owns 42,398 shares of the company's stock, valued at $126,770.02. The trade was a 41.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 37,216 shares of company stock valued at $112,025 over the last quarter. 0.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BlackBerry

A hedge fund recently raised its stake in BlackBerry stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of BlackBerry Limited (NYSE:BB - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 823,822 shares of the company's stock after acquiring an additional 10,667 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.14% of BlackBerry worth $3,106,000 at the end of the most recent reporting period. 54.48% of the stock is currently owned by institutional investors and hedge funds.

About BlackBerry

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.

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