In the latest close session, BlackBerry (BB) was down 4.85% at $7.65. The stock's change was less than the S&P 500's daily loss of 0.28%. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, lost 0.77%.

Prior to today's trading, shares of the cybersecurity software and services company had lost 5.85% lagged the Computer and Technology sector's gain of 1.04% and the S&P 500's gain of 2.31%.

The investment community will be closely monitoring the performance of BlackBerry in its forthcoming earnings report. The company is forecasted to report an EPS of $0.04, showcasing no movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $143 million, indicating a 10.34% growth compared to the corresponding quarter of the prior year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.17 per share and a revenue of $612.37 million, indicating changes of +6.25% and +11.52%, respectively, from the former year.

It is also important to note the recent changes to analyst estimates for BlackBerry. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. BlackBerry is currently a Zacks Rank #2 (Buy).

With respect to valuation, BlackBerry is currently being traded at a Forward P/E ratio of 47.29. This signifies a premium in comparison to the average Forward P/E of 20.99 for its industry.

The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 75, finds itself in the top 31% echelons 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.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

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

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