BlackBerry Shares Rise 2.05% to $3.48, EPS Forecast Jumps 66.7%
BlackBerry stock closed at $3.48 on March 4, up 2.05% and outperforming the S&P 500’s 0.78% gain, Dow’s 0.49% rise and Nasdaq’s 1.29% increase. Analysts project Q1 EPS of $0.05 for a 66.7% year-over-year jump, while full-year EPS estimates of $0.15 imply a 650% surge on $538.01 million revenue (-6.2%).
1. Trading Session Outperformance
On March 4, BlackBerry closed at $3.48, up 2.05% from its prior close, outpacing the S&P 500’s 0.78% gain, the Dow’s 0.49% rise and the Nasdaq’s 1.29% increase.
2. Monthly Performance Against Peers
Over the past month, BlackBerry has gained 0.59%, surpassing the Computer & Technology sector’s 3.59% loss and the S&P 500’s 1.33% decline, signaling relative strength within its industry group.
3. Upcoming Earnings Forecast
Analysts forecast Q1 EPS of $0.05, a 66.7% increase year-over-year, while full-year EPS estimates stand at $0.15 (up 650% y/y) alongside revenue projected at $538.01 million, down 6.2%.
4. Valuation and Rating
BlackBerry trades at a forward P/E of 20.88, above the industry average of 19.88, and holds an analyst consensus Hold rating, with its software segment ranking in the bottom 43% of over 250 industry groups.