BlackBerry Ltd. (NYSE:BB) (TSX:BB) was up in pre-market trading after announcing better-than-expected Q4 results. The Canadian software company reported adjusted earnings of $0.03 per share, while analysts were expecting a loss of $0.04 per share.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The company posted Q4 revenues of $173 million, up by 14.6% year-over-year and surpassed expectations of $150.5 million.
Looking forward, in Q1, BlackBerry has projected revenues in the range of $130 million to $138 million while the adjusted loss is likely to be between $0.04 and $0.06 per share. In FY25, the company has projected an adjusted loss in the range of $0.03 to $0.07 per share on revenues between $586 million and $616 million.
Moreover, BlackBerry expects to be positive on a cash flow and adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) basis in FY25.
What Is the Future of BB Stock?
Analysts remain sidelined about BB stock, with a Hold consensus rating based on four unanimous Holds. Over the past year, BB stock has declined by more than 35%, and the average BB price target of $2.78 implies a downside potential of 1.1% at current levels.
