BlackBerry (NYSE:BB) Issues Q3 2027 Earnings Guidance

BlackBerry (NYSE:BB) issued an update on its third quarter 2027 earnings guidance on Thursday. The company provided 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.

Analysts Set New Price Targets

Several research firms recently weighed in on BB. TD Securities reissued a “hold” rating and set a $8.00 price objective on shares of BlackBerry in a research note on Friday, June 26th. Zacks Research lowered shares of BlackBerry from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Canadian Imperial Bank of Commerce upped their price objective on shares of BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a research report on Friday, June 26th. Canaccord Genuity Group raised their price objective on BlackBerry from $8.20 to $10.30 and gave the stock a “hold” rating in a research note on Friday, June 26th. Finally, TD lifted their target price on BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, BlackBerry currently has a consensus rating of “Hold” and a consensus target price of $8.92.

BlackBerry Stock Performance

BB opened at $8.39 on Thursday. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 93.24 and a beta of 2.23. The business’s 50-day moving average price is $8.32 and its two-hundred day moving average price is $7.33. BlackBerry has a 1 year low of $3.12 and a 1 year high of $13.59. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20.

BlackBerry (NYSE:BB) last posted its quarterly earnings data on Thursday, September 24th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. Equities analysts expect that BlackBerry will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at BlackBerry

In related news, CEO John Giamatteo sold 152,012 shares of the stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $11.35, for a total transaction of $1,725,336.20. Following the completion of the transaction, the chief executive officer owned 687,246 shares in the company, valued at approximately $7,800,242.10. This represents a 18.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jennifer Armstrong-Owen sold 3,296 shares of the firm’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $10.92, for a total transaction of $35,992.32. Following the completion of the transaction, the senior vice president directly owned 106,091 shares of the company’s stock, valued at approximately $1,158,513.72. This trade represents a 3.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 355,858 shares of company stock valued at $4,012,270 over the last quarter. Insiders own 0.51% of the company’s stock.

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.