Admit It, Research In Motion Ltd (BBRY) Analysts: You Just Don’t Know

And BlackBerry’s Q2 looks even better, if you choose to believe RBC. Previous forecasts from RBC suggested about 3 million BlackBerry devices would be shipped in fiscal Q2. Now, RBC expects BlackBerry will move 4 million smartphones, and 14 million for the 2013 calendar year. The increased estimates are based on BB10’s availability in over 70 countries and 170 carriers, and will result in a profitable fiscal 2014 for BlackBerry.

Another bullish sign forResearch In Motion Ltd (NASDAQ:BBRY) fans is its call/put ratio volume of 2.47. The ratio indicates the number of BlackBerry calls in the past 10 weeks is more than double those of puts — a high for the year.

When it’s all said and done, what’s an investor to do with all this conflicting data? There are a couple things to consider: One, if you’re already a BlackBerry shareholder, it’s likely you’re on board with the direction CEO Thorsten Heins is heading, and there hasn’t been any firm data suggesting you were off base. So if you’ve got ’em, hold ’em.

For new investors weighing the pros and cons of Research In Motion Ltd (NASDAQ:BBRY), especially after sifting through conflicting analyst reports and the upcoming earnings release, the proliferation of good news/bad news may warrant a “wait-and-see” approach.

The article Admit It, BlackBerry Analysts: You Just Don’t Know originally appeared on Fool.com and is written by Tim Brugger.

Fool contributor Tim Brugger has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

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