Canada-based BlackBerry Limited (BB) is set to release its fourth-quarter results for the fourth quarter ended February 29, 2024, on April 3, 2024. Analysts predict a revenue of $153.22 million, representing a 1.5% increase in quarterly revenue compared to the previous year. However, its EPS is expected to decline 63.1% year-over-year to a negative $0.03. In this piece, I have discussed why it could be prudent to avoid the stock now.
BB has surpassed analyst EPS estimates in the trailing four quarters. For the to-be-announced quarter, BB anticipates total revenue between $150 million and $159 million. IoT revenue is expected to range from $62 million to $66 million, while Cyber revenue is forecasted to be between $83 million and $88 million. Additionally, Licensing and other revenue is estimated to be approximately $5 million.
