BlackBerry (BB) Stock Sinks As Market Gains: Here's Why

Company Summary - BlackBerry's stock closed at $2.32, reflecting a decrease of -1.69% from the previous day's closing price, which is less than the S&P 500's daily gain of 0.16% [1] - Over the past month, BlackBerry shares have declined by 2.07%, underperforming the Computer and Technology sector's gain of 2.69% and the S&P 500's gain of 2.97% [1] - The upcoming financial results are anticipated to show an EPS of -$0.01, representing a 75% improvement from the same quarter last year [1] - For the full year, the Zacks Consensus Estimates project an EPS of -$0.05 and revenue of $608 million, indicating changes of -200% and -28.72% from the previous year, respectively [1] Analyst Estimates - Recent changes to analyst estimates for BlackBerry are crucial as they reflect short-term business trends [2] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), indicates that BlackBerry currently holds a Zacks Rank of 3 (Hold) [2] - The Zacks Rank has a strong track record, with 1 stocks delivering an average annual return of +25% since 1988 [2] Industry Overview - The Computer - Software industry is part of the broader Computer and Technology sector, holding a Zacks Industry Rank of 66, placing it in the top 27% of over 250 industries [3] - The Zacks Industry Rank evaluates the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [3]