Blackbaud Inc reports results for the quarter ended in December - Earnings Summary

Blackbaud

12/02/2024 22:01

* Blackbaud Inc  BLKB.OQ  reported quarterly adjusted
earnings of
$1.14​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 68
cents.  The mean expectation of six analysts for the quarter was
for earnings of $1.05 per share. Wall Street expected results to
range from 97 cents to $1.10 per share.
    * Revenue rose 7.4% to $295.01 million from a year ago;
analysts
expected $299.05 million. 
    * Blackbaud Inc's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $5.4 million.
    * Blackbaud Inc shares had fallen by 5.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Blackbaud Inc is
$75.00 
This summary was machine generated from LSEG data February 12 at
10:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.05           1.14           Beat
 Sep. 30 2023      0.97           1.12           Beat
 Jun. 30 2023      0.93           0.98           Beat
 Mar. 31 2023      0.70           0.72           Beat