Your Two Minute Earnings Preview For Blackberry (BBRY) Stock
Zacks Investment Research | Sep 26, 2016 11:59PM ET
Today’s video takes an extremely quick look at shares of Blackberry (TO:BB) (BBRY) heading into their earnings report. Despite riding a pretty good streak of earnings beats, BBRY has been stuck in the single digits for quite some time, while earnings estimates have struggled to return to prior levels.
In fact, the stock has fallen from ‘buy’ territory into ‘hold’ territory within the past week, while it isn’t expected to turn a profit this year or the following year. However, there is a bit of optimism if you do look closer at those longer term metrics. The current full year Earnings ESP on the stock suggests a bit of optimism heading into the release.
Add in a solid industry rank and some decent near term price action, and this stock might be quite as bad as it appeared at first glance. It will definitely be a test of BBRY keeping up its streak, as well as a continuation of the recent earnings estimate activity to set the stage for the future.
BBRY reports before the bell on September 28th and we are looking for a loss of 10 cents per share from the company. Make sure to watch the video for a quick guide to BBRY heading into the report, but if you want to trade BBRY stock, make sure to watch Zacks Investment Research
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