BlackBerry (BB) Exceeds Market Returns: Some Facts to Consider

Company Performance - BlackBerry's stock closed at $3.92, reflecting a daily increase of +1.03%, outperforming the S&P 500's gain of 0.73% [1] - Over the past month, BlackBerry shares gained 20.12%, surpassing the Computer and Technology sector's gain of 11.93% and the S&P 500's gain of 9.07% [2] - The upcoming earnings report projects an EPS of$ 0, indicating a 100% increase compared to the same quarter last year [2] Earnings Estimates - For the full year, Zacks Consensus Estimates forecast earnings of $0.10 per share and revenue of$ 521 million, representing changes of +400% and -9.19% from the previous year, respectively [3] - Recent changes to analyst estimates for BlackBerry are crucial as they reflect short-term business trends, with positive revisions indicating analyst optimism [3][4] Valuation and Ranking - BlackBerry currently holds a Zacks Rank of 1 (Strong Buy), with a Forward P/E ratio of 38.8, which is a premium compared to the industry average Forward P/E of 29.19 [5] - The Internet - Software industry, which includes BlackBerry, has a Zacks Industry Rank of 87, placing it in the top 36% of over 250 industries [6]