BlackBerry (NYSE:BB) Releases Q3 2027 Earnings Guidance

Key Points

• BlackBerry guided Q3 FY2027 EPS to $0.040–$0.050, around or slightly below the $0.050 analyst consensus, while revenue guidance of $143.0–$154.0 million brackets the $148.8 million consensus estimate.
• The company set full-year FY2027 EPS guidance at $0.190–$0.220; its latest quarterly results beat estimates, with EPS of $0.05 versus the $0.04 consensus.
• Analyst sentiment remains cautious: BlackBerry has an average “Hold” rating and an average price target of $8.92, while insiders sold about $4.0 million of shares over the past three months.

BlackBerry (NYSE:BB - Get Free Report) issued an update on its third quarter 2027 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.040-0.050 for the period, compared to the consensus EPS estimate of 0.050. The company issued revenue guidance of $143.0 million-$154.0 million, compared to the consensus revenue estimate of $148.8 million. BlackBerry also updated its FY 2027 guidance to 0.190-0.220 EPS.

BlackBerry Stock Performance

BlackBerry stock opened at $8.39 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a fifty day moving average price of $8.32 and a two-hundred day moving average price of $7.33. BlackBerry has a 52-week low of $3.12 and a 52-week high of $13.59. The firm has a market capitalization of $4.93 billion, a P/E ratio of 93.24 and a beta of 2.23.

BlackBerry (NYSE:BB - Get Free Report) last issued its earnings results on Thursday, September 24th. The company reported $0.05 EPS for the quarter, beating the consensus estimate 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. As a group, analysts anticipate that BlackBerry will post 0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Canaccord Genuity Group boosted their price target on shares of BlackBerry from $8.20 to $10.30 and gave the company a "hold" rating in a research report on Friday, June 26th. Wall Street Zen upgraded shares of BlackBerry from a "hold" rating to a "buy" rating in a research note on Saturday, August 29th. TD Securities reaffirmed a "hold" rating and set a $8.00 price target on shares of BlackBerry in a report on Friday, June 26th. Stifel Nicolaus began coverage on BlackBerry in a research report on Wednesday, June 24th. They issued a "buy" rating and a $12.00 price objective for the company. Finally, TD boosted their price objective on 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 given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $8.92.

Insider Activity at BlackBerry

In other BlackBerry news, insider Philip S. Kurtz sold 6,414 shares of the stock in a transaction 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 transaction, the insider directly owned 125,158 shares in the company, valued at approximately $1,385,499.06. This trade represents a 4.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Tim Foote sold 8,235 shares of BlackBerry stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $10.92, for a total value of $89,926.20. Following the completion of the sale, the chief financial officer directly owned 73,535 shares of the company's stock, valued at $803,002.20. This trade represents a 10.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 355,858 shares of company stock valued at $4,012,270 over the last three months. 0.51% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.