BlackBerry (NYSE:BB) Issues FY 2027 Earnings Guidance

BlackBerry (NYSE:BB) issued an update on 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.

Analyst Ratings Changes

A number of equities analysts have issued reports on BB shares. TD Securities reiterated a “hold” rating and set a $8.00 price target on shares of BlackBerry in a research report on Friday, June 26th. Canaccord Genuity Group increased their price objective on shares of BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a report on Friday, June 26th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $9.00 price target on shares of BlackBerry in a report on Monday. Raymond James Financial upped their price objective on BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a report on Friday, June 26th. Finally, Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.92.

BlackBerry Price Performance

BlackBerry stock opened at $8.39 on Thursday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26. The company has a fifty day simple moving average of $8.32 and a 200-day simple moving average of $7.33. The stock has a market cap of $4.93 billion, a P/E ratio of 93.24 and a beta of 2.23. BlackBerry has a 12-month low of $3.12 and a 12-month high of $13.59.

BlackBerry (NYSE:BB) last issued its earnings results on Thursday, September 24th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate 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 BlackBerry stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $11.35, for a total value of $1,725,336.20. Following the transaction, the chief executive officer directly owned 687,246 shares in the company, valued at $7,800,242.10. This trade represents a 18.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Tim Foote sold 25,878 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 58,372 shares in the company, valued at $723,229.08. This represents a 30.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 355,858 shares of company stock valued at $4,012,270. Company insiders own 0.51% of the company’s stock.

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.