With a strong historical performance and a focus on automotive software, BlackBerry is gearing up for its upcoming earnings report. Can it maintain its momentum?
BlackBerry Ltd (TSX: BB) is set to report its second-quarter fiscal 2027 earnings on September 24, 2026, before the market opens. Investors are watching closely, as the company has consistently exceeded earnings expectations in recent quarters. The consensus EPS estimate for this report is $0.04, which is a slight decrease of 6.3% from the same period last year. However, given its solid track record of beating estimates, many are curious if BlackBerry can continue this trend amidst evolving market dynamics.
Recent earnings trend
BlackBerry Ltd
BB.TO
BB.TO
BlackBerry Ltd
WealthAwesomeMarket cap
$7.24B
P/E
68.5x
52W high
$18.45
52W low
$4.35
1W change
+4.94%
Beta
1.26
Analyst Price Targets
Based on analyst covering BB · as of Nov 9, 2026
Wall Street analysts forecast BB stock price to rise 3.0% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$12.69
+3.0% Upside
Previously C$12.60 on Nov 6, 2026
Current Price
C$12.33
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on BB's historical volatility
30-Day Vol
82.6%
Annualized
90-Day Vol
67.8%
Annualized
Trend (90d)
+2.4%
Annualized drift
90d Mean
C$12.44
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$12.37 | C$9.30 – C$16.44 |
| 60 trading days | C$12.40 | C$8.29 – C$18.56 |
| 90 trading days | C$12.44 | C$7.59 – C$20.38 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 4 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-08-31 | 2026-09-24 | — | 0.0400 | — |
| 2026-05-31 | 2026-06-25 | 0.0400 | 0.0300 | +33.3% |
| 2026-02-28 | 2026-04-09 | 0.0600 | 0.0400 | +50.0% |
| 2025-11-30 | 2025-12-18 | 0.0500 | 0.0400 | +25.0% |
| 2025-08-31 | 2025-09-25 | 0.0400 | 0.0100 | +300.0% |
| 2025-05-31 | 2025-06-24 | 0.0200 | 0.0026 | +669.2% |
Investor takeaway: For Canadian investors, BlackBerry's upcoming earnings report is a critical event that could influence the stock's valuation and investor sentiment. The company's ongoing focus on its QNX platform and its strong royalty backlog in the automotive sector may play a pivotal role in its financial performance.
BlackBerry's EPS Estimate: $0.04
This estimate represents a 6.3% decline from last year's EPS of $0.04, highlighting the challenges the company faces in maintaining growth amid a competitive landscape.
Bull case
BlackBerry's QNX royalty backlog is nearing $1 billion, and its expansion into physical AI applications positions it for sustained revenue growth. The recent 26% revenue increase in its QNX segment further supports this positive outlook, suggesting strong demand for its software in the automotive and robotics sectors.
Bear case
Despite its positive trajectory, BlackBerry faces risks from competition in the automotive software space and potential production delays that could impact revenue realization. Additionally, its high P/E ratio raises concerns about valuation, especially if growth expectations do not materialize.
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