Categories AlphaGraphs, Analysis, Technology

BlackBerry Q4 earnings preview: What you need to know

BlackBerry (BB) is scheduled to report fourth-quarter 2018 earnings on Friday, March 29, before the opening bell. The Canadian phone maker-turned-cybersecurity firm is projected to report earnings of 8 cents per share in Q4, even as revenues are expected to decline by 2.5% to $227.14 million.

The stock has rallied 24% since the beginning of this year, outperforming the industry’s performance of 16% for the same period. In the trailing 52 weeks though, BB has declined 32%.

Image courtesy: Blackberry

BlackBerry holds long-term prospects as a cyber-security expert that has been recognized and endorsed by government agencies, including the National Security Agency. Add to that the fact that the cyber-security market is projected to grow from the current $120-billion valuation to $300 billion by 2024.

With cyber threats increasing exponentially on a daily basis, BlackBerry’s relevance is getting bumped up simultaneously.

Earlier this month, the enterprise software and IoT firm announced that it has established a new unit – BlackBerry Government Solutions – with an aim to deepen ties with the US federal government. The new subsidiary would be headquartered in Washington DC and will have a governance structure that is different from its corporate parent, in order to adhere to the requirements of national security.

Investors will be looking for more updates on this new unit during the post-earnings conference call. Separately, investors would also be looking at how the $1.4-billion acquisition of Cylance last year is expected to impact results in the coming quarters.

READ: GLU MOBILE STOCK SOARS TO 11-YEAR HIGH

The stock has a 12-month average price target of $10.33, suggesting a 17% upside from the last close.

In Q3

In the last reported quarter, BlackBerry reported third-quarter results that surpassed analysts’ expectations. Revenue was flat compared to the year-over period at $226 million, but higher than $212.58 million expected by analysts. Adjusted earnings of 5 cents per share were above analysts’ prediction of 2 cents per share.

BlackBerry third quarter 2019 Earnings Infographic

 

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

GameStop (GME) Earnings: Q1 loss narrows on 25% sales growth

Video game retailer GameStop Corp. (NYSE: GME), which has become the talk of the town after the unprecedented stock rally in recent weeks, reported a narrower loss for the first

Should you invest in Steel Dynamics (STLD) stock after 78% rally?

The steel industry managed to shrug off the pandemic blues earlier than expected as the recovery in industrial activity pushed up demand. With the vaccination drive and the government’s aggressive

Campbell Soup (CPB) Q3 Earnings: Key financials and quarterly highlights

Campbell Soup Company (NYSE: CPB) reported third-quarter 2021 earnings results today. Net sales decreased 11% year-over-year to $1.98 billion, as a result of lapping the demand surge at the onset

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top