BlackBerry (BB) Stock Falls Amid Market Uptick: What Investors Need to Know

Stock Performance - BlackBerry's stock closed at $2 35, reflecting a -1 67% decline from the previous trading day [1] - The stock underperformed the S&P 500, which gained 0 4%, while the Dow fell 0 28% and the Nasdaq rose 1 04% [1] - Over the past month, BlackBerry's shares depreciated by 7 36%, underperforming the Computer and Technology sector's gain of 0 18% and the S&P 500's gain of 0 62% [2] Earnings and Revenue Projections - BlackBerry is projected to report earnings of -$ 0 02 per share on December 19, 2024, representing a year-over-year decline of 300% [3] - Full-year Zacks Consensus Estimates predict earnings of - $0 02 per share and revenue of$ 603 million, reflecting year-over-year changes of -140% and -29 31%, respectively [4] Analyst Estimates and Zacks Rank - Recent modifications to analyst estimates for BlackBerry reflect evolving short-term business trends, with positive revisions indicating a favorable business outlook [4] - BlackBerry currently holds a Zacks Rank of 1 (Strong Buy), with no change in the Zacks Consensus EPS estimate over the past month [6] - The Zacks Rank system has a track record of success, with 1 stocks delivering an average annual return of +25% since 1988 [6] Industry Overview - The Computer - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 47, placing it in the top 19% of all industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, according to Zacks Industry Rank research [7]