Revenue estimated to rise by 21.9%

BlackBerry (BB) is scheduled to report its fiscal 2020 (year ending in February) first-quarter earnings results on June 28. Analysts expect the company to post revenue of $264.5 million in the quarter, a rise of 21.9% year-over-year from $217 million in the first quarter of 2019. BlackBerry’s sales are expected to rise 28.5% to $275 million in the second quarter of fiscal 2020.

What Analysts Project for BlackBerry in Q1

BlackBerry’s earnings

While BlackBerry’s sales are expected to rise 21.9%, analysts expect the company’s adjusted EPS to be $0.00 in the first quarter. BlackBerry had reported earnings of $0.03 in the prior-year quarter. A fall in BlackBerry’s bottom line when its revenue growth is robust indicates low operating leverage.

BlackBerry beat analysts’ earnings estimates in each of the last four quarters. The company posted EPS of $0.11 in the fourth quarter, 83.3% higher than analysts’ estimate of $0.06. The company posted EPS of $0.05 in the third quarter, 150.0% higher than the estimate of $0.02.

BlackBerry reported EPS of $0.04 in the second quarter of 2019, 300.0% higher than analysts’ estimate of $0.01. The company also reported EPS of $0.03 in the first quarter of 2019, which was above analysts’ estimate of $0.00.

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