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What's in the Cards for BlackBerry (BBRY) in Q3 Earnings?

BlackBerry Limited BBRY is scheduled to report third-quarter fiscal 2017 operating results on Dec 20, 2016 before market opens.

Last quarter, the company’s loss was narrower than the Zacks Consensus Estimate. As a result, the company delivered a positive earnings surprise of 70.00%. BlackBerry reported positive surprises in each of the last four quarters with an average beat of 61.25%. It remains to be seen how the company performs this quarter, especially with the complete shift to software and services.

Factors Likely to Influence this Quarter

BlackBerry announced its decision to discontinue the production of BlackBerry phones and outsource the same. This decision was welcomed by investors as the company’s software and services arm has been growing steadily and generating the bulk of revenues.

The company has outsourced...