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HomeNewsScotia expects BBRY to beat the Street on Friday

Scotia expects BBRY to beat the Street on Friday

As we work towards the BlackBerry earnings release this Friday I’ve been following the analyst preview comments and giving you the summary versions here on CrackBerry. This morning Gus Papageorgiou from Scotiabank published his thoughts.

I like reading Gus’ reports because he is not afraid to stand out from the crowd. But at the same time he puts good thought into the justification for his view from a financial modeling perspective. No analyst is right all the time, and getting a mix of thoughts from different analysts is useful.

Scotiabank expects a big beat from BBRY on Friday. Specifically, they expect $0.72 in earnings per share (EPS) compared to $0.03 according to what I see at S&P Capital IQ, who tracks analyst estimates. In dollars, this means Scotia sees net income being about $355 million higher than the average of other estimates.

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