Key Facts: BlackBerry (BB) Stock Falls While Market Gains

With a change of -1.66% from the previous trading day's closing, BlackBerry (BB) ended the most recent trading session at $2.96. The S&P 500 gained 0.25 percent that day, while the stock failed to meet that benchmark. Conversely, the tech-focused Nasdaq rose by 0.23% and the Dow rose by 0.17%.  

The cybersecurity software and services provider's stock has risen 7.5% in the last 30 days, which is higher than the S&P 500's 7.08% increase but lower than the Computer and Technology sector's 11.73% gain.  

There will be a lot of interest from investors in BlackBerry's impending earnings report. We anticipate earnings per share (EPS) of -$0.04, a decrease of 166.67% from the previous year's same period. Zacks Consensus Estimates for the full year predict $615 million in sales and -$0.03 in profits per share, representing reductions of -160% and -27.9%, respectively, from the prior year.  

Take note of the recent shifts in BlackBerry analyst estimates as well. Most recent updates try to capture the essence of current and next business trends. Therefore, it is reasonable to interpret upward adjustments to estimates as an indication of confidence in the future of the company's operations.  

Our data indicates a clear relationship between these revisions to estimates and short-term stock values. In order to take advantage of this trend, we created the Zacks Rank. In light of these revisions to the estimates, our system provides a transparent and practical rating model.  

From 1 (Strong Buy) to 5 (Strong Sell), that is the Zacks Rank system. It has an impressive record of accomplishment that has been audited by other parties; since 1988, the top stocks have delivered an average yearly return of 25%. We have not seen any change in our consensus EPS prediction during the last 30 days. The current Zacks Rank for BlackBerry is #1 (Strong Buy).  

The Computer and Technology sector includes the Computer-Software industry. Among more than 250 industries, this one ranks in the upper half with a Zacks Industry Rank of 54, putting it in the top 22 percent.  

By calculating the average Zacks Rank of the companies that make up each industry group, the Zacks Industry Rank provides a sense of how strong those groups are. Based on our findings, the industries that rank highest outperform those ranked lowest by a factor of two to one.