BlackBerry Limited BB is expected to release earnings results for the fourth quarter, after the close of April 3, 2024.
Analysts expect the Waterloo, Canada-based company to report a quarterly loss of 3 cents per share, versus a loss of 2 cents per share a year ago. According to Benzinga Pro data, BlackBerry is expected to report quarterly revenue of $154.78 million, up from $151 million in the year-ago quarter.
The company last week opened a Cyber Security Center of Excellence (CCoE) in Kuala Lumpur. The inauguration was officiated by Malaysian Prime Minister Anwar Ibrahim, Canadian Minister of Export Promotion, International Trade and Economic Development Mary Ng and BlackBerry CEO John Giamatteo.
BlackBerry shares gained 3.7% to close at $2.80 on Tuesday.
Benzinga readers can access the latest analyst ratings at Analyst stock ratings page. Readers can sort by stock title, company name, analyst firm, rating change or other variables.
- Let’s look at how Benzinga is more accurate analysts rated the company in the recent period.
- RBC capital Analyst Paul Treiber maintained his Sector Perform rating and cut his price target from $4 to $3 on February 14, 2024. This analyst has an accuracy rate of 61%.
- TD Titles Analyst Daniel Chan maintained a Hold rating and cut his price target from $5 to $4 on October 5, 2023. This analyst has an accuracy rate of 74%.
- CIBC analyst Todd Coupland upgraded the stock from Underperformer to Neutral and raised the price target from $4.2 to $6.5 on May 18, 2023. This analyst has an accuracy rate of 65%.
- Canaccor genuineness analyst Michael Walkley maintained a Hold rating and raised the price target from $4 to $5.5 on May 18, 2023. This analyst has an accuracy rate of 76%.
Read this next: Jim Cramer Says “Ka-Ching” for This Airline Stock, Also: “Ring The Register” for Kodiak
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.