Research In Motion Ltd (BBRY) Is Losing Ground on Monday

There are literally thousands of companies trading on the markets every day and among them there always are winners and losers. One of the stocks that hasn’t been doing well today is Research In Motion Ltd (NASDAQ:BBRY). The company declined by about 4% to $13.4 in the first part of Monday, ahead of the announcement of its financial results. Research in Motion is scheduled to release its results for the first quarter of fiscal year 2014 on June 28.

Earnings expectations

Even though there are about three weeks until the date, analysts are already forecasting the results and building expectations regarding Research In Motion Ltd (NASDAQ:BBRY)’s performance during the quarter. According to Bloomberg Businessweek, for the first quarter of fiscal 2014, analysts expect Research in Motion to post EPS in the range between $-0.14 and $0.72. However, due to the larger number of pessimistic forecasts, the consensus earnings for the company is situated at $0.06. It is also important to mention that Research In Motion Ltd (NASDAQ:BBRY) beat the analysts’ expectations last quarter, with its EPS amounting to $0.22 versus the consensus estimates of $-0.30.

A Look Back

May has been a good month for Research In Motion Ltd (NASDAQ:BBRY). The company launched its new smartphone, the Q10, in the U.K., Canada, and several other countries from Europe and Asia. Most recently, the company announced the Q10 launch in the Philippines. The smartphone can be purchased beginning on June 7th, the company said in a statement. Also, next week, the Q10 is expected to be put on sale in the U.S.

Blackberry in the investment world

Research In Motion Ltd (NASDAQ:BBRY) has been in the 13F portfolios of over 30 funds at the end of last year, according to our database. Among them are some of the greatest players in the investment world like: Andreas Halvorsen’s Viking Global, Jim Simons’ Renaissance Technologies and Yacktman Asset Management managed by Donald Yacktman. Halvorsen’s fund reported a $219.5 million holding in the company, which involves about 15.2 million shares, according to the latest 13F filings with the SEC. Renaissance Technologies owns 2,023,900 shares, worth $29.3 million, and Yacktman Asset Management holds about 5.8 million shares, valued at $84.2 million. However, it’s important to point out that all these three funds reduced their stakes in Research in Motion in the latest quarter.

Apparently, there is a lot of noise around Research in Motion. The company has been posting negative results up until the last quarter, and the following results will show whether it has succeeded to step on a path of growth.