BlackBerry (BB) plunges more than large markets: what you need to know



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BlackBerry (BB) closed the last trading day at $ 7.04, down -0.78% from the previous trading session. This change was lower than the 0.05% daily loss of the S & P 500. Elsewhere, the Dow Jones index gained 0.19%, while the Nasdaq, highly technology-driven, lost 0%. , 36%.

Today, the shares of the software and cybersecurity services company lost 2.88% last month. At the same time, the computer and technology sector lost 1.06%, while the S & P 500 lost 1.58%.

Wall Street will be looking for BB's positivity as the next publication date of its results approaches. The company is expected to generate EPS of -0.01 USD, down 125% from the corresponding quarter of the previous year.

The Zacks Consensus Estimates, published by BB throughout the year, expect earnings of $ 0.06 per share and $ 1.13 billion in revenue. These results would represent variations from one year to the other of -75% and + 22.95%, respectively.

Investors also noted recent changes made to BB's estimates by analysts. Recent revisions tend to reflect the latest short-term business trends. As a result, we can interpret the revisions of positive estimates as a positive sign of the company's business outlook.

Based on our research, we believe that these revisions are directly related to stock movements near the teams. To take advantage of this, we have developed the Zacks Rank, an exclusive model that takes into account these changes in estimates and provides a usable scoring system.

Going from no. 1 (strong buy) to no. 5 (solid selling), the Zacks grading system has proven itself in terms of outperformance without auditing, with shares no. 1 returning an average of + 25% per year. year since 1988. The consensus Zacks The EPS estimate remained stagnant last month. BB is currently ranked 3 by Zacks (pending).

In terms of valuation, BB currently has a P / E ratio of 125.12. This represents a premium over the industry average P / E of 14.66.

The non-US wireless service industry is part of the computer and technology industry. This group has a ranking of 209 on the Zacks industry, ranking it among the bottom 19% of the 250+ industries.

The Zacks Industry Ranking measures the strength of our individual industry groups by measuring the average Zacks ranking of individual actions within groups. Our research shows that the 50% of the top rated industries outperform the bottom half by a factor of 2 to 1.

To follow BB in future trading sessions, be sure to use Zacks.com.

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