Is A Surprise In Store For BlackBerry (BBRY) In Q2 Earnings?
Zacks Investment Research | Sep 25, 2016 10:47PM ET
BlackBerry Limited (NASDAQ:BBRY) is scheduled to report second-quarter fiscal 2017 operating results on Sep 28, 2016, before the market opens.
In the fiscal first quarter, the company posted narrower-than-expected loss per share. It also reported positive surprises in three of the last four quarters. With the shift in the company’s business from hardware to software products, it remains to be seen how it has performed this time around.
Our proven model does not conclusively show that BlackBerry is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Unfortunately, that is not the case here as elaborated below.
Zacks ESP: BlackBerry has an Earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at a loss of 10 cents.
Zacks Rank: BlackBerry carries a Zacks Rank #3, which increases the predictive power of ESP. However, a 0.00% ESP makes surprise prediction difficult.
Note that stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions.
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