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Monday, 24 March 2014

Blackberry earnings report to be released - What's in store?

The cell phone giant Blackberry will be releasing its earnings report on 28th March this week. Analysts have already given their predictions ahead of the release before the markets open on Friday. Blackberry Ltd. have been an interesting business for the stock market, when recently Comark Securities upgraded their share from market perform to speculative buy. There has been an array of different predictions, . Richard Tse, an analyst from Comark Securities, claims that the core revenue will be $200 million less than the consensus of $1.1 Billion at $0.9 Billion. Also, Tse predicts an EPS of -$0.78, from a consensus of -$0.53. 
Tse also sets the target share price for Blackberry Ltd. at $11.50, from the current price which fluctuates around $9.35.
From: https://www.google.com/finance?cid=663276
The Blackberry share has fallen tremendously over the last few years, once reaching over $200, the share is now worth only over $9! Analysts all over Wall Street are recommending selling or holding the share. In fact, almost 80% of analysts of NASDAQ shares recommend holding. However, the share is healing, after hitting a rock bottom of around $6, it is now at $9, consistently increasing over weeks. 
The iBusiness Times will be commenting on the final report once it is released.

Source(s): 
http://www.benzinga.com/analyst-ratings/analyst-color/14/03/4413502/update-blackberry-upgraded-ahead-of-earnings-analyst-giv

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