BlackBerry Ltd reports results for the quarter ended November 30 - Earnings Summary

BlackBerry

19/12/2024 23:40

* BlackBerry Ltd  BB.TO  reported quarterly adjusted
earnings of 2
cents​​ per share for the quarter ended November 30, higher than
the same quarter last year, when the company reported EPS of 1
cents.  The mean expectation of six analysts for the quarter was
for a loss of one cent per share. Wall Street expected
results to range from -2 cents to 2 cents per share.
    * Revenue fell 18.3% to $143.00 million from a year ago;
analysts
expected $147.36 million. 
    * BlackBerry Ltd's reported EPS for the quarter was a loss
of 2
cents​.
    * The company reported a quarterly loss of $11 million.
    * BlackBerry Ltd shares had risen by 21.6% this quarter and
lost 7.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"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 December 19 at
11:39 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
 Nov. 30 2024      -0.01          0.02           Beat
 Aug. 31 2024      -0.02          0.00           Beat
 May. 31 2024      -0.04          -0.03          Beat
 Feb. 29 2024      -0.03          0.03           Beat