BlackBerry (BB) closed the most recent trading day at $8.98, moving +1.7% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.32%. Meanwhile, the Dow experienced a drop of 0.34%, and the technology-dominated Nasdaq saw a decrease of 0.6%.

Heading into today, shares of the cybersecurity software and services company had lost 17.55% over the past month, lagging the Computer and Technology sector's gain of 0.32% and the S&P 500's gain of 2.46%.

The upcoming earnings release of BlackBerry will be of great interest to investors. The company is expected to report EPS of $0.04, unchanged from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $143 million, up 10.34% from the year-ago period.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.17 per share and a revenue of $612.37 million, representing changes of +6.25% and +11.52%, respectively, from the prior year.

Investors should also take note of any recent adjustments to analyst estimates for BlackBerry. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. BlackBerry presently features a Zacks Rank of #2 (Buy).

From a valuation perspective, BlackBerry is currently exchanging hands at a Forward P/E ratio of 51.94. This represents a premium compared to its industry average Forward P/E of 21.5.

The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 101, which puts it in the top 42% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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BlackBerry Limited (BB): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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