Investors Beware: RIM’s Financials Are Looking Grim, Analyst Says

Research In Motion’s fourth-quarter earnings are due out at the end of this month. In recent times, they’ve consistently resulted in bad news and stock drops. The last quarter was ugly. The quarter before that? Also ugly.

This quarter, it seems that investors should expect no different of the Waterloo company. Jefferies analyst Peter Misek has issued a warning that the BlackBerry maker will likely miss some of its targets.

Peter stated that RIM’s sales trends “have continued to deteriorate” in many key markets, including North America and Europe. Noting that “sales outside of the U.S. have typically been more resilient,” this is a red flag, the analyst believes.

iPhone and Android “momentum,” meanwhile, have been “causing issues” for RIM, Peter says. And with the iPhone 5 nearly guaranteed to launch ahead of RIM’s first BlackBerry 10 device, the embattled Canadian tech company is in a “particularly troubling” situation.