BlackBerry (BB) upgraded to Zacks Rank #1 Strong Buy with positive earnings outlook

From Nasdaq: 2024-12-25 12:00:10

Investors may consider betting on BlackBerry (BB) as it has been upgraded to a Zacks Rank #1 (Strong Buy) due to an upward trend in earnings estimates. This upgrade reflects a positive outlook on the company’s earnings, potentially impacting its stock price. The Zacks rating system tracks EPS estimates from analysts to determine stock rankings.

The Zacks rating upgrade for BlackBerry signifies an improvement in its business outlook, supported by rising earnings estimates. Institutional investors use earnings estimates to calculate fair value, influencing stock prices. For individual investors, the Zacks rating system provides valuable insights into a company’s earnings potential and stock price movements.

BlackBerry is expected to earn $0.01 per share for the fiscal year ending February 2025, with analysts raising their estimates by 66.7% over the past three months. The Zacks Rank #1 status positions BlackBerry in the top 5% of Zacks-covered stocks, indicating potential for stock price growth.

Zacks has a proven track record of stock ratings, with Zacks Rank #1 stocks generating an average annual return of +25%. The Zacks system classifies stocks based on earnings estimates, offering valuable insights for investors. The Zacks Top 10 Stocks for 2025 are set to be released on January 2, providing opportunities for market-beating returns.

Zacks Investment Research offers valuable insights into stock analysis and recommendations. The Zacks rating system provides equal proportions of ‘buy’ and ‘sell’ ratings for over 4000 stocks, with the top 5% receiving a ‘Strong Buy’ rating. BlackBerry’s Zacks Rank #1 status positions it as a top stock for potential market outperformance.



Read more at Nasdaq: All You Need to Know About BlackBerry (BB) Rating Upgrade to Strong Buy