BlackBerry (NYSE:BB) Updates Q1 2027 Earnings Guidance

Key Points

• BlackBerry updated its Q1 2027 guidance to EPS $0.020–$0.030 (consensus $0.020) and revenue of $132M–$140M, and set FY 2027 EPS guidance at $0.150–$0.190.
• The company beat the most recent quarter expectations, reporting $0.06 EPS versus a $0.05 consensus and revenue up 10.1% year‑over‑year.
• Shares rallied about 11.8% to $3.95 on heavy volume after the update, while analysts remain mostly at a "Hold" with an average target of $4.92.

BlackBerry (NYSE:BB - Get Free Report) updated its first quarter 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 0.020-0.030 for the period, compared to the consensus earnings per share estimate of 0.020. The company issued revenue guidance of $132.0 million-$140.0 million, compared to the consensus revenue estimate of $129.8 million. BlackBerry also updated its FY 2027 guidance to 0.150-0.190 EPS.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BB. Wall Street Zen lowered BlackBerry from a "buy" rating to a "hold" rating in a research report on Saturday, February 14th. Weiss Ratings restated a "sell (d+)" rating on shares of BlackBerry in a research report on Wednesday, March 25th. TD Securities upgraded BlackBerry to a "hold" rating in a research report on Monday, December 22nd. Canaccord Genuity Group restated a "hold" rating and issued a $4.60 price target on shares of BlackBerry in a research report on Friday, December 19th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $4.50 price target on shares of BlackBerry in a research report on Friday, December 19th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, BlackBerry presently has an average rating of "Hold" and an average target price of $4.92.

BlackBerry Trading Up 11.8%

BB traded up $0.42 during trading hours on Thursday, reaching $3.95. The company's stock had a trading volume of 14,506,537 shares, compared to its average volume of 7,582,254. BlackBerry has a fifty-two week low of $3.04 and a fifty-two week high of $5.32. The stock has a market cap of $2.32 billion, a PE ratio of 131.54 and a beta of 1.70. The business's 50-day moving average is $3.41 and its 200-day moving average is $3.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.14 and a quick ratio of 2.14.

BlackBerry (NYSE:BB - Get Free Report) last released its quarterly earnings data on Thursday, April 9th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. BlackBerry had a return on equity of 8.05% and a net margin of 4.02%.During the same period in the previous year, the firm earned $0.03 EPS. The firm's revenue was up 10.1% on a year-over-year basis. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. As a group, equities research analysts predict that BlackBerry will post -0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the company's stock in a transaction on Saturday, April 4th. The stock was sold at an average price of $3.56, for a total transaction of $106,472.48. Following the transaction, the senior vice president directly owned 94,903 shares in the company, valued at $337,854.68. This represents a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Joseph Giamatteo sold 27,066 shares of the company's stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total value of $96,354.96. Following the transaction, the chief executive officer owned 899,146 shares in the company, valued at $3,200,959.76. This trade represents a 2.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 73,171 shares of company stock worth $260,489 over the last 90 days. 0.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in BlackBerry during the fourth quarter worth $280,000. Invesco Ltd. lifted its stake in BlackBerry by 2.4% during the fourth quarter. Invesco Ltd. now owns 128,487 shares of the company's stock worth $487,000 after purchasing an additional 2,975 shares in the last quarter. Mackenzie Financial Corp lifted its stake in BlackBerry by 198.6% during the fourth quarter. Mackenzie Financial Corp now owns 1,199,811 shares of the company's stock worth $4,537,000 after purchasing an additional 797,970 shares in the last quarter. XTX Topco Ltd lifted its stake in BlackBerry by 624.5% during the fourth quarter. XTX Topco Ltd now owns 430,410 shares of the company's stock worth $1,631,000 after purchasing an additional 371,000 shares in the last quarter. Finally, Man Group plc acquired a new position in BlackBerry during the fourth quarter worth $92,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

BlackBerry Company Profile

BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry's core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.

At the heart of BlackBerry's offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.

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