BlackBerry (BB) Registers a Bigger Fall Than the Market: Important Facts to Note

Group 1 - BlackBerry's stock closed at $2.76, reflecting a -0.72% change, underperforming compared to the S&P 500's -0.54% loss, the Dow's -0.53%, and the Nasdaq's -0.66% [1] - Over the last month, BlackBerry's shares increased by 13.93%, outperforming the Computer and Technology sector's gain of 3.76% and the S&P 500's gain of 1.5% [1] Group 2 - BlackBerry's upcoming earnings report is scheduled for December 19, 2024, with an anticipated EPS of -$0.02, indicating a 300% decline from the same quarter last year [2] - For the entire fiscal year, Zacks Consensus Estimates project an EPS of -$0.02 and revenue of $603 million, representing changes of -140% and -29.31% from the prior year [3] Group 3 - Recent changes in analyst estimates for BlackBerry are crucial as they reflect short-term business trends, with upward revisions indicating analysts' positive outlook on the company's operations [4] - The Zacks Rank system, which evaluates estimated changes, currently ranks BlackBerry at 3 (Hold), with the consensus EPS estimate remaining stagnant over the past month [6] Group 4 - The Computer - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 75, placing it in the top 30% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]