BlackBerry (NYSE:BB) Releases Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• BlackBerry reported quarterly EPS of $0.05, beating analysts’ consensus estimate of $0.04 by $0.01. The company guided for FY 2027 EPS of $0.190–$0.220 and Q3 2027 EPS of $0.040–$0.050.
• Shares opened at $8.39, with BlackBerry valued at approximately $4.93 billion. The stock has traded between $3.12 and $13.59 over the past year.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an $8.92 price target; insiders have sold about 355,858 shares worth roughly $4.01 million over the past three months.

BlackBerry (NYSE:BB - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01, Zacks reports. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%. BlackBerry updated its FY 2027 guidance to 0.190-0.220 EPS and its Q3 2027 guidance to 0.040-0.050 EPS.

BlackBerry Stock Performance

Shares of BB stock opened at $8.39 on Thursday. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 93.24 and a beta of 2.23. BlackBerry has a one year low of $3.12 and a one year high of $13.59. The company's 50-day simple moving average is $8.32 and its 200-day simple moving average is $7.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.20 and a current ratio of 2.20.

Insider Transactions at BlackBerry

In other BlackBerry news, CFO Tim Foote sold 8,235 shares of the stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $10.92, for a total transaction of $89,926.20. Following the transaction, the chief financial officer owned 73,535 shares of the company's stock, valued at $803,002.20. This trade represents a 10.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Philip S. Kurtz sold 6,414 shares of BlackBerry stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $11.07, for a total value of $71,002.98. Following the completion of the transaction, the insider owned 125,158 shares of the company's stock, valued at approximately $1,385,499.06. The trade was a 4.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 355,858 shares of company stock valued at $4,012,270 in the last three months. Corporate insiders own 0.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Raymond James Financial raised their price objective on BlackBerry from $4.75 to $9.50 and gave the company a "market perform" rating in a research note on Friday, June 26th. Canadian Imperial Bank of Commerce upped their target price on BlackBerry from $10.00 to $13.00 and gave the company an "outperformer" rating in a research report on Friday, June 26th. Stifel Nicolaus assumed coverage on BlackBerry in a research note on Wednesday, June 24th. They set a "buy" rating and a $12.00 target price for the company. Weiss Ratings downgraded shares of BlackBerry from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, August 28th. Finally, TD lifted their price target on shares of BlackBerry from $5.00 to $8.00 and gave the stock a "hold" rating in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $8.92.

BlackBerry Company Profile

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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