BlackBerry Q2 earnings preview: What to anticipate? (NYSE:BB)

BlackBerry (NYSE:BB) is scheduled to announce Q2 earnings outcomes on Tuesday, September twenty seventh, after market shut.

BlackBerry posted better-than-expected Q1 EPS and income estimates, with IoT income up 19% Y/Y and cybersecurity income rising 6%. The agency recorded an ARR of $334M.

During the last 3 months, EPS estimates have seen 0 upward revisions and a couple of downward. Income estimates have seen 0 upward revisions and three downward. The consensus EPS Estimate is -$0.07 (-16.7% Y/Y) and the consensus Income Estimate is $165.8M (-5.3% Y/Y).

SA presently has a quant ranking of Promote on BlackBerry (BB), the identical as Wall Avenue analysts, whereas SA authors price the inventory as a Maintain.

Inventory efficiency has trailed considerably behind the benchmark S&P 500 over the previous yr, with value returns dropping over -50%.

Baird most not too long ago began protection on the software program firm on a constructive observe, noting that BlackBerry IVY, its cloud-connected platform, “might be the beginning of one thing massive.”

SA contributor Dilantha De Silva famous confidence that BlackBerry (BB) will have the ability to meet its goal of 20% annual progress in IoT income by means of 2027, on the power of its partnerships with main automakers and growth into the worldwide medical system market.

During the last 2 years, BB has overwhelmed EPS estimates 88% of the time and has overwhelmed income estimates 63% of the time.