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BlackBerry Ltd. (NASDAQ: BBRY) is scheduled to release its fiscal fourth-quarter financial results before the markets open on Friday. The consensus estimates call for $0.01 in earnings per share (EPS) and $289.34 million in revenue. In the same period of last year, BlackBerry posted a net loss of $0.03 per share and $464 million in revenue.

As the number of mobile-connected devices continues to grow, BlackBerry is expecting to grow demand as well, with a focus on security and embedded software. Recent agreements the company has made with Ford and TCL are positive points as the company moves ahead, but it is still facing challenges.

In the most recent quarterly report, management reiterated that it remains on track to deliver 30% growth in the company total software and services revenues for the full fiscal year. Accordingly, BlackBerry now expects to see profitability for this fiscal year up from the previous range of a breakeven to a $0.05 per share loss.

The company achieved significant milestones in 2016, like delivering its highest gross margin in the company’s history. Yet there is still a long road ahead for BlackBerry, as the stock has barely stayed positive in 2017.

A few analysts weighed in on BlackBerry prior to the release of the earnings report:

• RBC reiterated a Hold rating with a $7.50 price target.
• Global Equities Research has an Overweight rating with an $11 price target.
• Canaccord Genuity has a Hold rating with a $7 price target.
• MKM Partners reiterated a Neutral rating with an $8 price target.
• BMO Capital Markets has a Market Perform rating with an $8 price target.

So far in 2017, BlackBerry has underperformed the broad markets, with the stock up only about 1.7%. Over the past 52 weeks, the stock is actually down 13%.

Shares of BlackBerry were last seen down 1% at $6.93 on Thursday, with a consensus analyst price target of $7.92 and a 52-week trading range of $6.23 to $8.46.