BlackBerry (NYSE:BB) Announces Q3 2027 Earnings Guidance

BlackBerry (NYSE:BB) updated its third quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.040-0.050 for the period, compared to the consensus earnings per share 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 Down 6.2%

BlackBerry stock opened at $8.19 on Friday. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 68.21 and a beta of 2.23. BlackBerry has a 52 week low of $3.12 and a 52 week high of $13.59. The business’s 50-day moving average price is $8.29 and its 200 day moving average price is $7.38. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Thursday, September 24th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $166.56 million during the quarter, compared to analysts’ expectations of $144.22 million. BlackBerry had a net margin of 13.09% and a return on equity of 13.91%. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.04 earnings per share. 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, sell-side analysts anticipate that BlackBerry will post 0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BB shares. TD upped their target price on shares of BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Raymond James Financial upped their target price on shares of BlackBerry from $4.75 to $9.50 and gave the stock a “market perform” rating in a research note on Friday, June 26th. Canadian Imperial Bank of Commerce raised their price target 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. TD Securities restated a “hold” rating and issued a $8.00 price target on shares of BlackBerry in a research note on Friday, June 26th. Finally, Zacks Research lowered BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $9.25.

Insider Activity at BlackBerry

In other news, CFO Tim Foote sold 25,878 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $12.39, for a total transaction of $320,628.42. Following the transaction, the chief financial officer directly owned 58,372 shares in the company, valued at approximately $723,229.08. This trade represents a 30.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jennifer Armstrong-Owen sold 3,296 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 transaction of $35,992.32. Following the completion of the transaction, the senior vice president owned 106,091 shares in the company, valued at approximately $1,158,513.72. This represents a 3.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 355,858 shares of company stock valued at $4,012,270. Corporate insiders own 0.51% of the company’s stock.

Key BlackBerry News

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: Q2 results beat expectations: BlackBerry reported adjusted earnings of $0.07 per share versus a $0.04 consensus estimate. Revenue rose 26% year over year to approximately $163 million-$167 million, well above analyst forecasts. BB Q2 Earnings Top, Sales Up Y/Y on QNX Strength, FY27 Outlook Raised
• Positive Sentiment: QNX remains the key growth driver: The automotive software division posted record quarterly revenue, supported by core automotive demand and new design wins. BlackBerry also announced its first Alloy Kore win, described as the largest design win in QNX history. BlackBerry lifts annual revenue forecast on strength in automotive software business
• Positive Sentiment: Full-year outlook increased: BlackBerry raised fiscal 2027 revenue guidance to $616 million-$636 million, above the $614.1 million consensus, and lifted its EPS range to $0.19-$0.22. Adjusted EBITDA, operating cash flow and GAAP profitability also strengthened. BlackBerry Reports Second Quarter Fiscal Year 2027 Results
• Neutral Sentiment: Investor positioning was unusually bullish: Trading activity included 114,134 BB call options, 63% above average, indicating elevated speculative interest around the earnings announcement.
• Neutral Sentiment: Analyst valuation is mixed: The reported consensus price target is $8.92, only modestly above the recent trading range, suggesting limited near-term upside based on current estimates.
• Negative Sentiment: Profit-taking is offsetting the earnings strength: After an initial post-earnings rally, BB has decreased as traders lock in gains. The reaction suggests expectations for QNX and the raised outlook may already be reflected in the stock, while the next-quarter EPS guidance midpoint is slightly below consensus. BlackBerry Drops 7% as Post-Earnings Rally Unwinds Despite Record QNX Quarter

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.