BlackBerry (BB) Suffers a Larger Drop Than the General Market: Key Insights

Core Insights - BlackBerry's stock closed at $4.09, reflecting a -0.97% change from the previous day, underperforming compared to the S&P 500's loss of 0.56% [1] - Over the last month, BlackBerry's shares increased by 21.47%, outperforming the Computer and Technology sector's gain of 11.21% and the S&P 500's gain of 7.37% [1] Earnings Projections - BlackBerry's upcoming earnings per share (EPS) are projected to be $0, indicating a 100% increase from the same quarter last year [2] - For the entire year, Zacks Consensus Estimates forecast earnings of $0.10 per share and revenue of $521 million, reflecting changes of +400% and -9.19% compared to the previous year [2] Analyst Estimates - Recent changes to analyst estimates for BlackBerry are being closely monitored, as they reflect evolving short-term business trends and indicate analysts' favorable outlook on the company's health and profitability [3] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with stocks rated 1 producing an average annual return of +25% since 1988 [5] - BlackBerry currently holds a Zacks Rank of 1 (Strong Buy), with the consensus EPS estimate remaining stagnant over the past month [5] Valuation Metrics - BlackBerry is currently traded at a Forward P/E ratio of 41.3, which is a premium compared to the industry's average Forward P/E of 29.23 [6] - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 57, placing it in the top 24% of all industries [6] Industry Performance - The Zacks Industry Rank measures the strength of industry groups by averaging the Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]