Research In Motion Limited (USA) (NASDAQ:RIMM) Q3 Earnings Preview

Research In Motion Limited (NASDAQ:RIMM) (TSE:RIM) is set to release its third quarter earnings report today, and analysts are mixed on what they expect from the stock. Bloomberg’s data indicates 16 sells, 25 holds and 6 buys for shares of Research In Motion Limited (NASDAQ:RIMM) (TSE:RIM). Target prices range from $6 to $18 per share.

Research In Motion Limited (USA) (NASDAQ:RIMM) Q3 Earnings Preview

Analysts at Evercore Partners released their preview of expectations for RIM’s third quarter report on Wednesday. They set their target price at $8 and gave shares of Research In Motion Limited (NASDAQ:RIMM) (TSE:RIM) an Equal-Weight rating.

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They noted that the third quarter is a transitional prior to the release of the BlackBerry 10, so it’s important to pay attention to the company’s cost controls and services health. They forecast -32 cents on $2.6 billion against the consensus of .36 cents on $2.6 billion. Research In Motion Limited (NASDAQ:RIMM) (TSE:RIM) did issue a guidance “for an operating loss.”

Evercore Partners Inc. (NYSE:EVR) expect that the company’s outlook for February will be optimistic, but also vague. The launch of the BlackBerry 10 is set for January 30, so they’re forecasting a “modest” BlackBerry 10 contribution for RIM’s February quarter. Their forecast for February is -30 cents on $2.9 billion based on 7.5 million BB10 handsets sold for around $207 each. Analysts also predict that Research In Motion Limited (NASDAQ:RIMM) (TSE:RIM) will guide “for ‘a lower’ operating loss in February with stable cash flow.”

Analysts at Evercore Partners are also advising investors to pay attention to BlackBerry trials and carrier plans, especially traction for the BlackBerry Fusion add-on. They “remain cautious on the chances for a turnaround” at Research In Motion Limited (NASDAQ:RIMM) (TSE:RIM) because of the strength of the iOS and Android systems.