NEW YORK (TheStreet) -- BlackBerry (BBRY) is scheduled to report its fiscal 2016 fourth quarter results after the market close today.

Both its profit and revenue are projected to decline year-over-year, as the company continues to face a drop in smartphone sales and intensifying competition from leading handset makers, Zacks analysts said.

For the recent period, Wall Street is looking for a loss of 10 cents a share on revenue of $563.18 million, compared to a year ago, when the company reported earnings of 4 cents a share on revenue of $660 million.

Despite the challenges it has been facing, BlackBerry has been working on its cost-cutting efforts and its results should likely be benefited by its strong cash position, which encouraged the company to acquire a few businesses, Zacks analysts added. 

Shares are increasing by 0.62% to $8.06 on Thursday. 

Separately, BlackBerry has a "sell" rating and a letter grade of D at TheStreet Ratings because of the company's weak operating cash flow and generally disappointing stock performance.

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

You can view the full analysis from the report here: BBRY

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