BlackBerry Ltd reports results for the quarter ended in January - Earnings Summary

BlackBerry

26/06/2024 22:37

* BlackBerry Ltd  BB.TO  reported a quarterly adjusted loss
of 3
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 6
cents.  The mean expectation of five analysts for the quarter
was for a loss of 4 cents per share. Wall Street expected
results to range from -5 cents to -4 cents per share.
    * Revenue fell 61.4% to $144.00 million from a year ago;
analysts
expected $134.05 million. 
    * BlackBerry Ltd's reported EPS for the quarter was a loss
of 7
cents​.
    * The company reported a quarterly loss of $42 million.
    * BlackBerry Ltd shares had fallen by 17.5% this quarter and
lost 34.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 112.5% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for BlackBerry Ltd is
$3.25 
This summary was machine generated from LSEG data June 26 at
09:37 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2024      -0.04          -0.03          Beat
 Feb. 29 2024      -0.03          0.03           Beat
 Nov. 30 2023      -0.03          0.01           Beat
 Aug. 31 2023      -0.06          -0.04          Beat