NEW YORK ( TheStreet) – BlackBerry ( BBRY) is expected to give investors a double-dose of insight into its operations on Friday, when it releases its third quarter results before the markets open. Its financial results will offer more fodder and context to its long-anticipated Classic smartphone, which was unveiled Wednesday.
Investors are hoping BlackBerry is on the cusp of returning to its glory days and that the smartphone maker's big bet on Classic will be a winner. Although reviews on Classic have been mixed, BlackBerry's stock is up nearly 7% in three days.
BlackBerry, which was left for dead prior to the arrival of CEO John Chen, has posted stock gains of more than 35% in 2014, compared to the Dow Jones Industrial Average (DJI) and S&P 500 (SPY) , which are up 6.5% and 10.8%, respectively.
Take a look at BlackBerry's 2014 performance in the chart below, courtesy of YCharts.
Investors are anxious to see whether BlackBerry's Classic smartphone, which comes with its popular QWERTY keyboard, can help the Canadian company recapture market share it lost to Apple (AAPL) and Samsung (SSNLF) in the smartphone market.
These questions -- among others -- will be posed to its CEO when BlackBerry reports its fiscal third-quarter financial results. Analysts anticipate BlackBerry's third quarter results to be inline with Wall Street's expectations. But when the company reports its fourth quarter results in March, Wall Street anticipates it will beat expectations.
In a note to its investors, Goldman Sachs said it's looking for BlackBerry to post third-quarter revenue of $938 million, a 21% year-over-year decline. This would be in line with the consensus estimates, according to Thomson Reuters.