Why BlackBerry Is a Buy Heading Into Q3 Earnings

Why BlackBerry Is a Buy Heading Into Q3 Earnings

BlackBerry's (NYSE: BB) impressive transformation from a seller of smartphones and tablets into a provider of cybersecurity software and services has boosted investor confidence in the stock. The company's shares have already gained more than 43% in 2017, and investors will be hoping it can extend the terrific run when it releases its fiscal third-quarter results on Dec. 20.

Will BlackBerry be able to trump expectations this time and keep investor confidence high? Let's find out.

Wall Street expects BlackBerry's third-quarter revenue to drop 28% year over year to $216.6 million, as it continues to wind down its handheld-device business and the revenue generated by providing services to users of legacy devices. In addition, analysts are modeling a breakeven bottom line against adjusted earnings of $0.02 per share in the year-ago period.

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Source: Fool.com