Why BlackBerry (BBRY) Could Be Positioned for a Surge?
BlackBerry Limited BBRY is a developer of mobile communications solutions that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on BBRY's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that BlackBerry could be a solid choice for investors.
Current Quarter Estimates forBBRY
In the past 30 days, 2 estimates have gone higher forBlackBerry while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 13 cents a share 30 days ago, to a loss of 7 cents per share today, a move of 46.2%.
Current Year Estimates forBBRY
Meanwhile, BlackBerry's current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to 0 lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 55 cents per share 30 days ago to a loss of 31 cents per share today, an increase of 43.6%.
The stock has also started to move higher lately, adding 15% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.
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