BlackBerry (NYSE:BB) Releases FY 2027 Earnings Guidance

BlackBerry (NYSE:BB) updated its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.190-0.220 for the period, compared to the consensus estimate of 0.180. The company issued revenue guidance of $616.0 million-$636.0 million, compared to the consensus revenue estimate of $614.1 million. BlackBerry also updated its Q3 2027 guidance to 0.040-0.050 EPS.

Analysts Set New Price Targets

Several research analysts have weighed in on BB shares. Zacks Research downgraded BlackBerry from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Stifel Nicolaus initiated 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. Royal Bank Of Canada restated a “sector perform” rating and issued a $9.00 price target on shares of BlackBerry in a research note on Monday. Raymond James Financial upped their price objective on BlackBerry from $4.75 to $9.50 and gave the stock a “market perform” rating in a report on Friday, June 26th. Finally, Weiss Ratings cut BlackBerry from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 28th. Two research 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. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $8.92.

BlackBerry Stock Performance

NYSE BB opened at $8.39 on Thursday. The business has a 50 day moving average price of $8.32 and a 200 day moving average price of $7.33. The company has a market capitalization of $4.93 billion, a P/E ratio of 93.24 and a beta of 2.23. 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 announced its quarterly earnings results on Thursday, September 24th. The company reported $0.05 earnings per share for the quarter, beating 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. Sell-side analysts expect that BlackBerry will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at BlackBerry

In other news, CFO Tim Foote sold 8,235 shares of the stock in a transaction that occurred 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 sale, the chief financial officer directly owned 73,535 shares in the company, valued at $803,002.20. This represents a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philip Kurtz sold 6,414 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $11.07, for a total transaction of $71,002.98. Following the transaction, the insider directly owned 125,158 shares of the company’s stock, valued at approximately $1,385,499.06. This trade represents a 4.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 355,858 shares of company stock worth $4,012,270 over the last ninety days. 0.51% of the stock is currently owned by company insiders.

About BlackBerry

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.