In the latest trading session, BlackBerry ( BB ) closed at$ 5.16, marking a + 1.57 % move from the previous day. The stock’s change was more than the S&, P 500’s daily gain of 0.36 %. Elsewhere, the Dow lost 0.28 %, while the tech-heavy Nasdaq added 0.51 %.
Due to today’s trading, stocks of the security software and services firm had gained 25.43 % over the past fortnight. This has outpaced the Computer and Technology sector’s of 0 % and the S&, P 500’s gain of 2.11 % in that time.
Investors will be greatly interested in BlackBerry’s future earnings release. The company is expected to report EPS of$ 0.02, down 33.33 % from the prior-year quarter.
According to the Zacks Consensus Estimates for the entire year, analysts anticipate revenue of$ 0.05 per share and$ 57 million in revenue. These totals would mark changes of -80 % and -34.11 %, respectively, from last year.
Also, investors should keep an eye on any subsequent revisions to researcher forecasts for BlackBerry. These adjustments help to show the ever-changing character of near-term company developments. As a result, upbeat modifications in estimates indicate analysts ‘ positive perspective on the bank’s business wellness and profitability.
According to our research, these calculate changes are directly related to property prices near-term. Buyers can make the most of this by using the Zacks Rank. This design takes into account these calculate changes and provides a straightforward, meaningful rating program.
Ranging from# 1 ( Strong Buy ) to# 5 ( Strong Sell ), the Zacks Rank system has a proven, outside-audited track record of outperformance, with# 1 stocks returning an average of + 25 % annually since 1988. Over the past month, the Zacks Consensus EPS measure remained sluggish. Currently, BlackBerry is carrying a Zacks Rank of# 1 ( Strong Buy ).
In terms of valuation, BlackBerry is now being traded for 508 on a forward P/E ratio. This indicates a premium over the ahead P/E of 31.19 of its market average.
The Computer and Technology market is comprised of the Computer- Software business. Now, this market holds a Zacks Industry Rank of 135, positioning it in the middle 47 % of all 250+ business.
By calculating the regular Zacks Rank of the individual companies in the groups, the Zacks Industry Rank measures the strength of our unique business organizations. Our research indicates that the best 50 % of business outperform the lower half by a ratio of 2 to 1.
Ensure to harness Zacks .com to stay updated with all these stock-shifting measures, among others, in the next trading lessons.