Blackbaud Q2 EPS beats estimates on cost discipline
Blackbaud Q2 EPS beats estimates on cost discipline
Overview
AI-powered social impact platform's Q2 revenue rose 3% but slightly missed analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company repurchased over 6% of shares year-to-date, expects 2026 buybacks to reach up to 10%
Outlook
Blackbaud expects FY26 revenue of $1.173 bln to $1.179 bln
Company sees FY26 adj EBITDA of $430 mln to $438 mln
Company expects FY26 non-GAAP EPS of $5.15 to $5.25
Result Drivers
AI INVESTMENT - Co said ongoing investment in AI and product innovation contributed to operational efficiency and productivity gains
COST DISCIPLINE - Co cited execution against its operating plan and efficiency initiatives as supporting results
Company press release: ID:nPn7RgG9ba
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Slight Miss* | $290.60 mln | $292.30 mln (4 Analysts) |
Q2 Adjusted EPS | Beat | $1.33 | $1.28 (4 Analysts) |
Q2 Adjusted Net Income |
| $59.70 mln |
|
Q2 Adjusted EBITDA |
| $110.30 mln |
|
Q2 Adjusted Income From Operations |
| $94.60 mln |
|
Q2 Adjusted Operating Margin |
| 32.60% |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Blackbaud Inc is $47.50, about 32.2% above its July 28 closing price of $35.93
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)