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

Blackbaud

31/10/2023 21:02

* Blackbaud Inc  BLKB.OQ  reported quarterly adjusted
earnings of
$1.12​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 69 cents.The mean expectation of six analysts for the quarter
was for earnings of 97 cents per share. Wall Street expected
results to range from 93 cents to $1.01 per share.
    * Revenue rose 6.2% to $277.63 million from a year ago;
analysts
expected $275.86 million. 
    * Blackbaud Inc's reported EPS for the quarter was 17
cents​.
    * The company reported quarterly net income of $9.02
million.
    * Blackbaud Inc shares had fallen by 7.1% this quarter and
gained 11.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.3%
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." 
    * Wall Street's median 12-month price target for Blackbaud
Inc is
$75.00 

This summary was machine generated from LSEG data October 31 at
09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.97           1.12           Beat
 Jun. 30 2023      0.93           0.98           Beat
 Mar. 31 2023      0.70           0.72           Beat
 Dec. 31 2022      0.60           0.68           Beat