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

Blackbaud

01/05/2024 24:27

* Blackbaud Inc  BLKB.OQ  reported quarterly adjusted
earnings of
93 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 72
cents.  The mean expectation of five analysts for the quarter
was for earnings of 89 cents per share. Wall Street expected
results to range from 80 cents to 98 cents per share.
    * Revenue rose 6.7% to $279.25 million from a year ago;
analysts
expected $282.42 million. 
    * Blackbaud Inc's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $5.25
million.
    * Blackbaud Inc shares had risen by 6.4% this quarter and
lost 9.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Blackbaud Inc is
$84.00 
This summary was machine generated from LSEG data April 30 at
11:27 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
 Mar. 31 2024      0.89           0.93           Beat
 Dec. 31 2023      1.05           1.14           Beat
 Sep. 30 2023      0.97           1.12           Beat
 Jun. 30 2023      0.93           0.98           Beat