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Canada’s BlackBerry (NYSE:BB) is scheduled to report fourth-quarter earnings on Wednesday, April 3rd, after market close.
Analysts expect loss per share of $0.03 on revenues of $153.2 million for the quarter, which would mark a jump of 1.5%.
The Waterloo, Canada-based company is expected to post fourth-quarter revenue largely in-line with market estimates, with IoT revenue likely rebounding. However, cybersecurity revenue is anticipated to fall.
Analysts expect the company’s FY25 revenue outlook to fall short of expectations due to ongoing headwinds in its cybersecurity business and reduced EV production weighing on its IoT business.
“In light of cost reductions, we believe BlackBerry may guide to breakeven FY25 adj. EPS, above consensus; however, FY25 revenue guidance may fall short of expectations,” said analysts at RBC Capital Markets.
In February, BlackBerry (BB) announced plans to axe more jobs in its cybersecurity business, adding to its previous termination of about 200 roles.
According to SA analyst Chetan Woodun, “BlackBerry is currently at a crossroads as pivoting away from mobile phones to software has not helped to stop the sales decline.”
U.S.-listed shares of the once-iconic device maker have tumbled nearly 24% YTD, compared to a 10% gain of the broader S&P 500 index.
Seeking Alpha analysts at large consider BB a Hold. This compares with average Wall Street rating of Hold and SA Quant rating of Sell.
