What Wall Street Expects from BlackBerry’s Fiscal 4Q18
Average revenue estimate of $216.8 million in fiscal 4Q18
BlackBerry (BB) plans to announce its fiscal 4Q18 results on March 28. Analysts expect it to post revenue of $216.8 million for the quarter, which ended in February 2018. Wall Street has a low revenue estimate of $207.1 million and a high estimate of $233 million for BlackBerry in 4Q18. If BlackBerry meets the average revenue estimate of $216.8 million, it would mean a YoY (year-over-year) fall of 27%, compared to $297 million in fiscal 4Q17.
Analysts expect BlackBerry to post non-GAAP (generally accepted accounting principles) EPS (earnings per share) of $0.01 with a low estimate of -$0.01 and a high estimate of $0.07. In fiscal 4Q17, BlackBerry reported EPS of $0.04.
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BlackBerry has met earnings estimates in each of the last four quarters
As you can see in the chart above, BlackBerry has met analysts’ average EPS estimates in each of the last four quarters. It posted EPS of $0.03 in 3Q18, $0.05 in 2Q18, $0.02 in 1Q18, and $0.04 in 4Q17.
As the stock consistently met earnings expectations in the last four quarters, its share price has risen almost 80% in the trailing-12-month period. Comparatively, the S&P 500 (SPY) and PowerShares QQQ ETF (QQQ) have generated returns of 17% and 33%, respectively, in the last 12 months.