BlackBerry (BBRY) Earnings: What to Expect

NEW YORK (TheStreet) -- BlackBerry (BBRY) is due to report its year-ending quarter before the bell Friday. The smartphone maker has suffered a turbulent year in the face of declining hardware sales and increasingly fierce competition from Samsung, Microsoft (MSFT) and Apple (AAPL). The fourth quarter will mark CEO John Chen's first complete three-month period at the company since he replaced Thorsten Heins in November last year.

Analysts surveyed by Thomson Reuters expect an average net loss of 55 cents a share in the three months to February, narrower than a loss of 67 cents a share in the third quarter ending November. However, this is still a far cry from profits of 22 cents a share in the year-ago quarter.

Analysts anticipate quarterly revenue of $1.1 billion, a 58.7% year-over-year drop from $2.68 billion in the year-ago fourth quarter.

By market close Thursday, shares had slipped 1.2% to $9.05. Trading volume of 32.6 million had exceeded its three-month daily average of 21.2 million.

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TheStreet Ratings team rates BLACKBERRY LTD as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate BLACKBERRY LTD (BBRY) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."

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