BlackBerry (BB) Dips More Than Broader Market: What You Should Know

BlackBerry (BB) closed the most recent trading day at $3.42, moving -2.15% from the previous trading session. This change lagged the S&P 500's 1.57% loss on the day. Meanwhile, the Dow lost 1.34%, and the Nasdaq, a tech-heavy index, lost 2.04%. Heading into today, shares of the cybersecurity software and services company had lost 9.82% over the past month, lagging the Computer and Technology sector's loss of 1.83% and the S&P 500's loss of 0.29%.Investors will be eagerly watching for the performance of BlackBerry in its upcoming earnings disclosure. On that day, BlackBerry is projected to report earnings of $0.05 per share, which would represent year-over-year growth of 66.67%. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.15 per share and revenue of $538.01 million. These totals would mark changes of +650% and -6.22%, respectively, from last year. It's also important for investors to be aware of any recent modifications to analyst estimates for BlackBerry. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. BlackBerry presently features a Zacks Rank of #2 (Buy). Digging into valuation, BlackBerry currently has a Forward P/E ratio of 23.8. This indicates a premium in contrast to its industry's Forward P/E of 19.53. The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 138, positioning it in the bottom 44% 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. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions. 5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.See Our Newest 5 Stocks Set to Double Picks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BlackBerry Limited (BB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks