BlackBerry (NASDAQ: BBRY) has lots to prove to the market before it ever recovers. Last quarter, hype lifted the share price to above $11. The stock gave up all of those gains when the company reported weak quarterly results. On September 28, the company reports results again.
What should investors expect?
Analysts expect BlackBerry will grow its EPS by a whopping 80% next year. But this year’s EPS expectations are negative as the company carries out its transformation as a software company. Ahead of the ER, BlackBerry issued a few positive news releases. Last week, it announced an operating system platform collaboration with Delphi. Unfortunately, Delphi is behind when it comes to autonomous driving technology. Tesla (NASDAQ: TSLA) and Nvidia (NASDAQ: NVDA) are ahead. Intel’s (NASDAQ: INTC) Mobileye is also a leading technology player in this field.
BlackBerry’s stock rallied close to $10 a share only to fall, ending the week down 1.5%. CEO John Chen’s outlook on the company’s core product, BES UEM, will matter the most. ADAS solutions are good announcements but are not revenue generators just yet.
