BlackBerry (BB) Stock Moves -1.33%: What You Should Know
BlackBerry (BB) closed the most recent trading day at $9.61, moving -1.33% from the previous trading session. This change was narrower than the S&P 500's 1.44% loss on the day. Elsewhere, the Dow lost 1.27%, while the tech-heavy Nasdaq lost 2.06%.
Heading into today, shares of the cybersecurity software and services company had lost 4.6% over the past month, lagging the Computer and Technology sector's loss of 3.96% and the S&P 500's loss of 2.61% in that time.
Investors will be hoping for strength from BB as it approaches its next earnings release, which is expected to be December 19, 2018. On that day, BB is projected to report earnings of $0.02 per share, which would represent a year-over-year decline of 33.33%. Meanwhile, our latest consensus estimate is calling for revenue of $212.58 million, down 5.94% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.11 per share and revenue of $880.89 million. These totals would mark changes of -21.43% and -8.05%, respectively, from last year.
Any recent changes to analyst estimates for BB should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 54.54% higher. BB is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, BB is currently trading at a Forward P/E ratio of 88.54. This represents a premium compared to its industry's average Forward P/E of 14.16.
We can also see that BB currently has a PEG ratio of 4.77. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Wireless Non-US was holding an average PEG ratio of 1.18 at yesterday's closing price.
The Wireless Non-US industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 189, which puts it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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BlackBerry Limited (BB) : Free Stock Analysis Report
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