Blackbaud Earnings: Here’s Why Shares are Up Now

Blackbaud Inc. (NASDAQ:BLKB) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.47%.

Blackbaud Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 3.85% to $0.27 in the quarter versus EPS of $0.27 in the year-earlier quarter.

Revenue: Rose 26.88% to $120.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Blackbaud Inc. reported adjusted EPS income of $0.27 per share. By that measure, the company beat the mean analyst estimate of $0.24. It beat the average revenue estimate of $120.03 million.

Quoting Management: Marc Chardon, Chief Executive Officer of Blackbaud, stated, “Blackbaud reported solid fourth quarter results that were at the high-end or above our guidance from a revenue and profitability perspective. Each of our business units performed well during the quarter, and we are pleased to see early signs of acceleration in the opportunity pipeline for the Luminate product line that we gained through our acquisition of Convio.”

Key Stats (on next page)…

Revenue decreased 1.94% from $122.47 million in the previous quarter. EPS increased 3.85% from $0.26 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.24 and has not changed. For the current year, the average estimate is a profit of $0.92, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)