BlackBerry Limited BB is gearing up to unveil its fourth-quarter earnings after the closing bell on April 3, 2024.
Anticipation looms as analysts project a quarterly loss of 3 cents per share, slightly broader than the 2 cents per share loss recorded a year earlier. Revenue-wise, forecasts sit at $154.78 million compared to $151 million in the corresponding quarter last year, data from Benzinga Pro reveals.
Last week, the tech giant unveiled its Cybersecurity Center of Excellence (CCoE) in Kuala Lumpur. The grand opening hosted a distinguished guest list including Malaysian Prime Minister Anwar Ibrahim, Canada’s Minister of Export Promotion, International Trade and Economic Development Mary Ng, and BlackBerry CEO John Giamatteo.
Market sentiments seem positive as BlackBerry shares edged up by 3.7% to settle at $2.80 on the last trading day.
For detailed insights, Benzinga readers can delve into the latest analyst ratings available on the Analyst Stock Ratings page, filtering by stock ticker, company name, analyst firm, rating change, or other variables.
- Examining Benzinga’s most-accurate analysts and their recent assessments:
- RBC Capital analyst Paul Treiber maintained a Sector Perform rating while adjusting the price target from $4 to $3 on Feb. 14, 2024, boasting an accuracy rate of 61%.
- TD Securities analyst Daniel Chan upheld a Hold rating and revised the price target from $5 to $4 on Oct. 5, 2023, with a commendable accuracy rate of 74%.
- CIBC analyst Todd Coupland saw fit to upgrade the stock from Underperformer to Neutral, lifting the price target from $4.2 to $6.5 on May 18, 2023, while maintaining a 65% accuracy rate.
- Canaccord Genuity analyst Michael Walkley reiterated a Hold rating and raised the price target from $4 to $5.5 on May 18, 2023, flaunting a notable 76% accuracy rate.
For more financial musings, check out Jim Cramer’s insights on an Airline Stock that makes him exclaim ‘Ka-Ching,’ alongside more profit ponderings on Kodiak.
