BlackBerry Ltd. (TSX:BB)(NASDAQ:BBRY) will be reporting its latest quarterly figures on Friday, and it won’t come a moment too soon. With BlackBerry’s stock price down 20% over the past four months, shareholders will certainly be looking for answers.

With that in mind, below are three things to watch for as BlackBerry announces its results.

1. Revenue bottoming?

As we all know, BlackBerry’s revenue has been in free fall for years. But many analysts are expecting revenue to finally start growing after this quarter.

There are a few reasons for this optimism. First of all, revenue from hardware makes up a smaller share of the overall pie. The same can be said for service revenue, which has also been shrinking rapidly.

Furthermore, BlackBerry’s software-based revenue has been growing, and this will receive a further boost from the Good Technology acquisition.

So, any clues from CEO John Chen about revenue bottoming would be very welcome. If nothing else, it could help save the BlackBerry brand, helping the company finally get some momentum.

2. Hardware updates

It’s now all but official that BlackBerry will be releasing an Android-powered handset. According to numerous leaks and rumours, the phone will be named the Venice, and will feature a slide-out keyboard. It will also be released in November, with all four major U.S. carriers selling the phone.

The Venice may be BlackBerry’s last legitimate shot at rescuing the handset division, which has endured even more layoffs this year. So, any hints about the Venice, if given during this call, will be heavily scrutinized.

In the meantime, you should expect some very poor numbers to come out of the hardware division. Blackberry is clearly suffering from its battered brand, which is part of the reason why handset sales have been so disappointing in recent quarters. Analysts sometimes underestimate the effect of a poor brand, so I would expect their estimates to still be over-optimistic.

3. Further cash uses

The Good Technology acquisition was the largest in BlackBerry’s history and will help accelerate the growth in software-related revenues.

That leaves the all-important question: what’s next? BlackBerry still has a very strong balance sheet, and Mr. Chen has indicated more acquisitions could be on the way. The company could also buy back shares, especially with the recent stock sell-off.

We’re unlikely to hear any big announcements during the call, but there could easily be some signs of things to come. So, you should stay tuned.

The one stock you want to own instead of BlackBerry

Our analysts have identified this company as one TOP stock for 2015 and beyond. And you can download the name, ticker symbol, and price guidance absolutely FREE.

Simply click here to receive your Special FREE Report, "1 Top Stock for 2015--and Beyond."


Let’s not beat around the bush – energy companies performed miserably in 2015. Yet, even though the carnage was widespread, not all energy-related businesses were equally affected.

We've identified an energy company we think offers one of the best growth opportunities around. While this company is largely tied to the production of natural gas, it doesn't actually produce the gas. Instead, it provides the equipment required to get natural gas from the ground to the end user. With diversified operations around the globe, we think it's a rare find in the industry.

We like it so much, we’ve named it as 1 Top Stock for 2016 and Beyond. To find out why, simply enter your email address below to claim your FREE copy of this brand new report, "1 Top Stock for 2016 and Beyond"!

Fool contributor Benjamin Sinclair has no position in any stocks mentioned.