BlackBerry Ltd. (NYSE:BB) is set to release its first-quarter financials before the market opens on Thursday, and bettors are speculating on a variety of topics that could be mentioned during the earnings call.
BlackBerry’s Word-Mention Market Buzzes
Kalshi bettors put an 85% probability on a mention of "Alloy Kore," the foundational vehicle software platform co-developed by BlackBerry’s QNX division and automotive software firm, Vector.
Punters assigned roughly 67% odds to Blackberry executives mentioning “Nvidia” during the call. Notably, the two companies announced a collaboration in April to integrate BlackBerry’s QNX real-time safety operating system into Nvidia Corp.’s (NASDAQ:NVDA) advanced AI platforms.
“Headwin” and “Tailwind” carried 61% and 58% odds, respectively, while the chances of “Record Revenue” being mentioned dipped to 34%.
BlackBerry Gears For Q1 Earnings
BlackBerry, which once led the global smartphone market, now focuses solely on software and pledges end-to-end secure communications solutions for enterprises.
Analysts project earnings of $0.02 per share, flat year-over-year, and revenue of $137.91 million, a 13% increase from last year.
The stock carries a “Hold” rating with a consensus price target of $6.87. The latest rating by Canaccord Genuity raised the price target from $4 to $8.2, but left the stock on “Hold.”
Price Action: Blackberry shares were up 2.95% in pre-market trading after closing 2.27% lower at $8.62 during Wednesday’s regular trading session. Year-to-date, the stock has soared 127%.
According to Benzinga’s Edge Stock Rankings, the BB stock maintains robust price trends in the short, medium, and long term, alongside very high Momentum and Growth scores.
Disclaimer: Kalshi and Benzinga have an existing data collaboration agreement.
Photo by Michael Vi via Shutterstock
Login to comment