BlackBerry (BB) Rises Yet Lags Behind Market: Some Facts Worth Knowing

Company Performance - BlackBerry's stock closed at $2.42, with a daily increase of +1.68%, underperforming the S&P 500's gain of 1.7% [1] - Over the last month, BlackBerry's shares decreased by 2.06%, while the Computer and Technology sector lost 1.45% and the S&P 500 gained 1.27% [1] - The upcoming earnings report is scheduled for September 26, 2024, with an anticipated EPS of -$0.03, representing a 25% increase compared to 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 [1] Analyst Estimates - Recent changes to analyst estimates for BlackBerry reflect short-term business trends, with positive revisions indicating analysts' confidence in the company's performance [2] - The Zacks Rank system, which includes estimate changes, currently ranks BlackBerry at 3 (Hold) [2] - Over the last 30 days, the Zacks Consensus EPS estimate for BlackBerry has remained unchanged [2] Industry Overview - The Computer - Software industry is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 64, placing it in the top 26% of over 250 industries [3] - The Zacks Industry Rank measures 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]