BlackBerry is set to release its Q2 earnings results on September 28th, with analysts estimating an EPS of -$0.05 and revenue of $146.95 million. In the past two years, BlackBerry has consistently beaten EPS estimates and has exceeded revenue estimates 88% of the time. However, over the past three months, EPS estimates have seen one upward revision and three downward revisions, while revenue estimates have seen one upward revision and two downward revisions.
In the previous quarter, BlackBerry reported a non-GAAP EPS of $0.06, surpassing estimates by 11 cents, with revenue of $373 million, exceeding expectations by at least $213.71 million. Despite these positive results, BlackBerry’s stock has fallen by 65.2% in 2022, while the S&P 500 Index has declined by nearly 20% for the year. Nonetheless, the stock has shown a 47.4% increase so far this year and is down 1.8% in the last 12 months.
The outlook on BlackBerry’s stock is mixed, with one SA contributor, Dilantha De Silva, downgrading it to a sell rating due to challenges in the company’s cybersecurity and IoT businesses. However, another SA contributor, Yiannis Zourmpanos, remains bullish on the stock, citing its strong position in the high-growth markets of IoT and cybersecurity.
In conclusion, BlackBerry’s upcoming Q2 earnings results will shed light on its financial performance, which has historically shown strength in beating EPS estimates. The stock has faced significant declines this year, but some contributors remain optimistic about its prospects in the IoT and cybersecurity industries.