What Do Analysts Expect from BlackBerry in Fiscal 3Q17?



BlackBerry’s fiscal 3Q17 earnings

BlackBerry (BBRY) will announce its fiscal 3Q17 earnings on December 16, 2016. Analysts estimate that the company will post revenues of ~$331.9 million for the quarter ended November 2016, with a low estimate of ~$311.5 million and a high estimate of ~$347 million.

The company’s EPS (earnings per share) is estimated to be -$0.01, with a high estimate of $0.04 and a low estimate of -$0.03. If BlackBerry meets the analysts’ revenue estimates of $331.92 million, it will mean a YoY (year-over-year) fall of 39.4% from fiscal 3Q16.

BlackBerry beat analyst estimates for EPS in fiscal 3Q16 by 78.6% when it announced EPS of -$0.03. BlackBerry also beat the analysts’ EPS estimate in fiscal 4Q16, fiscal 1Q17, and fiscal 2Q17.

BlackBerry has a market cap of $4 billion. By comparison, peer tech (QQQ) companies International Game Tech (IGT), IBM (IBM), and Cisco (CSCO) have market caps of $4.9 billion, $152 billion, and $147 billion, respectively.

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How did BlackBerry perform in fiscal 2Q17?

In September 2016, BlackBerry announced its fiscal 2Q17 results and reported non-GAAP (generally accepted accounting principles) revenue of $352 million and GAAP revenue of $334 million. Its GAAP revenue fell 31% YoY (year-over-year) in fiscal 2Q17 from $491 million in fiscal 2Q16. BlackBerry achieved break-even non-GAAP EPS (earnings per share) and a GAAP EPS loss of $0.71 in fiscal 2Q17.


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