BlackBerry (BB – Free Report) closed the most recent trading day at $10.11, moving +0.2% from the previous trading session. This change outpaced the S&P 500’s 0.17% gain on the day. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.4%.
Prior to today’s trading, shares of the cybersecurity software and services company had lost 8.61% over the past month. This has lagged the Computer and Technology sector’s gain of 4.39% and the S&P 500’s gain of 3.19% in that time.
Wall Street will be looking for positivity from BlackBerry as it approaches its next earnings report date. The company is expected to report EPS of -$0.06, down 400% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.20 per share and revenue of $734 million. These totals would mark changes of -211.11% and -20.13%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for BlackBerry. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. BlackBerry is currently sporting a Zacks Rank of #3 (Hold).
The Computer – Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 109, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.