BlackBerry Future Growth

Future criteria checks 4/6

BlackBerry is forecast to grow earnings and revenue by 66.6% and 8.2% per annum respectively. EPS is expected to grow by 66.9% per annum. Return on equity is forecast to be 3% in 3 years.

Key information

66.6%

Earnings growth rate

66.9%

EPS growth rate

Software earnings growth	16.3%
Revenue growth rate	8.2%
Future return on equity	3.0%
Analyst coverage	Good
Last updated	12 Apr 2024

Recent future growth updates

Recent updates

Analysts Just Made A Significant Upgrade To Their BlackBerry Limited (TSE:BB) Forecasts

Jul 09

BlackBerry Limited's (TSE:BB) Intrinsic Value Is Potentially 69% Above Its Share Price

Sep 28

What Is BlackBerry Limited's (TSE:BB) Share Price Doing?

Sep 07

BlackBerry (TSE:BB) Has Debt But No Earnings; Should You Worry?

Aug 20

Calculating The Intrinsic Value Of BlackBerry Limited (TSE:BB)

Jun 09

Does BlackBerry (TSE:BB) Have A Healthy Balance Sheet?

May 18

Is BlackBerry (TSE:BB) Using Debt In A Risky Way?

Feb 02

A Look At The Fair Value Of BlackBerry Limited (TSE:BB)

Dec 01

We Think BlackBerry (TSE:BB) Has A Fair Chunk Of Debt

Oct 27

Is It Too Late To Consider Buying BlackBerry Limited (TSE:BB)?

Sep 22

Estimating The Intrinsic Value Of BlackBerry Limited (TSE:BB)

Aug 26

Does BlackBerry (TSE:BB) Have A Healthy Balance Sheet?

Jul 22

Should You Think About Buying BlackBerry Limited (TSE:BB) Now?

Jun 17

Earnings and Revenue Growth Forecasts

TSX:BB - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
2/28/2027	2,376	20	57	72	1
2/28/2026	682	-39	30	48	8
2/28/2025	601	-71	30	39	8
2/29/2024	853	-130	-24	-3	N/A
11/30/2023	831	-569	-27	2	N/A
8/31/2023	825	-552	-188	-154	N/A
5/31/2023	861	-564	-164	-122	N/A
2/28/2023	656	-734	-304	-263	N/A
11/30/2022	690	-95	-284	-244	N/A
8/31/2022	705	-17	-117	-76	N/A
5/31/2022	712	-107	-77	-37	N/A
2/28/2022	718	12	-67	-28	N/A
11/30/2021	743	-447	-29	15	N/A
8/31/2021	777	-651	21	64	N/A
5/31/2021	861	-530	37	80	N/A
2/28/2021	893	-1,104	38	82	N/A
11/30/2020	965	-830	25	64	N/A
8/31/2020	1,014	-732	32	73	N/A
5/31/2020	999	-753	15	59	N/A
2/29/2020	1,040	-152	-18	26	N/A
11/30/2019	1,013	-60	-34	10	N/A
8/31/2019	972	31	-15	31	N/A
5/31/2019	938	118	-3	43	N/A
2/28/2019	904	93	51	100	N/A
11/30/2018	882	32	-130	-80	N/A
8/31/2018	882	-302	-191	-141	N/A
5/31/2018	910	-326	-213	-166	N/A
2/28/2018	932	405	659	704	N/A
11/30/2017	985	368	N/A	884	N/A
8/31/2017	1,048	526	N/A	736	N/A
5/31/2017	1,144	135	N/A	700	N/A
2/28/2017	1,309	-1,206	N/A	-224	N/A
11/30/2016	1,487	-1,397	N/A	-242	N/A
8/31/2016	1,746	-1,369	N/A	-80	N/A
5/31/2016	1,902	-946	N/A	62	N/A
2/29/2016	2,160	-208	N/A	257	N/A
11/28/2015	2,356	58	N/A	467	N/A
8/29/2015	2,601	-1	N/A	643	N/A
5/30/2015	3,027	-259	N/A	645	N/A
2/28/2015	3,335	-304	N/A	813	N/A
11/29/2014	3,651	-755	N/A	39	N/A
8/30/2014	4,051	-5,008	N/A	-231	N/A
5/31/2014	4,708	-5,766	N/A	-487	N/A
3/1/2014	6,813	-5,873	N/A	-159	N/A
11/30/2013	8,514	-5,356	N/A	615	N/A
8/31/2013	10,048	-938	N/A	1,654	N/A
6/1/2013	11,336	-202	N/A	2,222	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BB is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: BB is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BB is expected to become profitable in the next 3 years.

Revenue vs Market: BB's revenue (8.2% per year) is forecast to grow faster than the Canadian market (6.6% per year).

High Growth Revenue: BB's revenue (8.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BB's Return on Equity is forecast to be low in 3 years time (3%).

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BlackBerry Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

BlackBerry Limited Provides Earnings Guidance for the First Quarter Ending May 31, 2024 and the Full Fiscal Year Ending February 28, 2025

BlackBerry Limited Provides Earnings Guidance for the Fourth Quarter of Fiscal Year Ending February 29, 2024

BlackBerry Limited Provides Revenue Guidance for the Second Quarter Fiscal 2024

Consensus revenue estimates increase by 23%

BlackBerry Limited Provides Revenue Guidance for the Fiscal Year 2024

Consensus EPS estimates upgraded to US$0.20 loss

Recent updates

BlackBerry Limited, Annual General Meeting, Jun 25, 2024

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

BlackBerry Limited Provides Earnings Guidance for the First Quarter Ending May 31, 2024 and the Full Fiscal Year Ending February 28, 2025

BlackBerry Limited to Report Q2, 2025 Results on Sep 26, 2024

Now 23% undervalued after recent price drop

Blackberry Limited Announces Board and Committee Changes

BlackBerry Limited Provides Earnings Guidance for the Fourth Quarter of Fiscal Year Ending February 29, 2024

BlackBerry Limited to Pursue Full Separation of IoT and Cybersecurity Business Units

BlackBerry Limited Appoints John J. Giamatteo as Member of Its Board of Directors

BlackBerry Limited announced that it expects to receive $150 million in funding from Fairfax Financial Holdings Limited

BlackBerry Limited announced that it expects to receive $150 million in funding from Fairfax Financial Holdings Limited

Blackberry Limited Announces Chief Executive Officer Changes

Blackberry Limited Announces Board Changes

Blackberry Limited Announces Generative AI Powered Cybersecurity Assistant

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

BlackBerry Limited Announces Timothy Dattels Decides to Resign from Board of Directors

BlackBerry Limited Provides Revenue Guidance for the Second Quarter Fiscal 2024

Analysts Just Made A Significant Upgrade To Their BlackBerry Limited (TSE:BB) Forecasts

Consensus revenue estimates increase by 23%

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Is BlackBerry (TSE:BB) Weighed On By Its Debt Load?

BlackBerry Limited Provides Revenue Guidance for the Fiscal Year 2024

Consensus EPS estimates upgraded to US$0.20 loss

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates fall by 133%

Now 26% undervalued after recent price drop

Is BlackBerry (TSE:BB) Using Debt In A Risky Way?

Estimating The Fair Value Of BlackBerry Limited (TSE:BB)

Insider exercised options and sold CA$141k worth of stock

BlackBerry Limited Showcases BlackBerry IVY on Three Commercially-Available Automotive Platforms At CES 2023

Is It Time To Consider Buying BlackBerry Limited (TSE:BB)?

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Does BlackBerry (TSE:BB) Have A Healthy Balance Sheet?

Insufficient new directors

Executive Chairman & CEO exercised options and sold CA$3.3m worth of stock

Blackberry Limited Launches Cyber Threat Intelligence Service to Strengthen Cyber Defenses

Chief Financial Officer exercised options and sold CA$105k worth of stock

BlackBerry Limited's (TSE:BB) Intrinsic Value Is Potentially 69% Above Its Share Price

Consensus forecasts updated

What Is BlackBerry Limited's (TSE:BB) Share Price Doing?

BlackBerry (TSE:BB) Has Debt But No Earnings; Should You Worry?

Blackberry Supports Aerospace and Defense Market with New Future Airborne Capability Environment (Face) Conformance Certification

President of IoT Business Unit exercised options and sold CA$89k worth of stock

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Blackberry Limited Software Is Now Embedded in over 215 Million Vehicles

BlackBerry Limited Strengthens QNX Advanced Virtualization Framework for Android Automotive OS

Now 22% undervalued after recent price drop

Blackberry Limited Announces Number of Enhancements to the Blackberry Partner Program

Calculating The Intrinsic Value Of BlackBerry Limited (TSE:BB)

BlackBerry Launches New Zero Trust Network Access Solution with CylanceGATEWAY

Now 21% undervalued after recent price drop

Blackberry Limited Announces Revenue Guidance for the Fiscal Year 2022, 2025 and 2027

Insider recently sold CA$505k worth of stock

Does BlackBerry (TSE:BB) Have A Healthy Balance Sheet?

Insufficient new directors

Consensus forecasts updated

BlackBerry Reaches Agreement in Principle to Settle Class Action Litigation

Insider exercised options and sold CA$140k worth of stock

BlackBerry Limited, Annual General Meeting, Jun 22, 2022

Full year 2022 earnings: EPS misses analyst expectations

Is BlackBerry (TSE:BB) Using Debt In A Risky Way?

Now 21% undervalued after recent price drop

BlackBerry Showcases BlackBerry IVY on Auto-Grade Hardware at CES 2022 with Partner Integrations from Amazon Web Services, HERE Technologies, Car IQ and Electra Vehicles

Consensus forecasts updated

Chief Financial Officer exercised options and sold CA$75k worth of stock

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

BlackBerry Launches New Managed Extended Detection and Response (XDR) Service

A Look At The Fair Value Of BlackBerry Limited (TSE:BB)

Executive Chairman & CEO exercised options and sold CA$31m worth of stock