BlackBerry (NYSE:BB) Issues FY25 Earnings Guidance

BlackBerry (NYSE:BB) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $(0.05)-$(0.02) for the period, compared to the consensus EPS estimate of ($0.07). The company issued revenue guidance of $591-616 million, compared to the consensus revenue estimate of $598.03 million. BlackBerry also updated its FY 2025 guidance to -0.050–0.020 EPS.

BlackBerry Price Performance

Shares of NYSE:BB opened at $2.55 on Friday. The firm’s 50 day simple moving average is $2.35 and its two-hundred day simple moving average is $2.60. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market capitalization of $1.50 billion, a P/E ratio of -8.78 and a beta of 1.39. BlackBerry has a 1-year low of $2.01 and a 1-year high of $4.94.

BlackBerry (NYSE:BB) last posted its quarterly earnings results on Wednesday, June 26th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $144.00 million for the quarter, compared to analysts’ expectations of $132.05 million. BlackBerry had a negative return on equity of 6.43% and a negative net margin of 25.80%. The business’s quarterly revenue was down 61.4% on a year-over-year basis. During the same period last year, the firm earned $0.04 earnings per share. Research analysts expect that BlackBerry will post -0.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BB shares. Raymond James cut their target price on shares of BlackBerry from $5.50 to $4.75 and set a market perform rating for the company in a research note on Friday, June 28th. Canaccord Genuity Group dropped their price target on BlackBerry from $3.25 to $2.70 and set a hold rating for the company in a research report on Thursday, June 27th. Canaccord Genuity Group decreased their price objective on BlackBerry from $3.25 to $2.70 and set a hold rating on the stock in a research report on Thursday, June 27th. Robert W. Baird dropped their target price on BlackBerry from $3.50 to $3.00 and set a neutral rating for the company in a report on Thursday, June 27th. Finally, TD Securities cut their target price on BlackBerry from $3.00 to $2.75 and set a hold rating on the stock in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $3.20.

BlackBerry Company Profile

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.