Blackbaud, Inc. Second Quarter Earnings Sneak Peek

Blackbaud, Inc. (NASDAQ:BLKB) will unveil its latest earnings on Thursday, August 4, 2011. Blackbaud, Inc. is a global provider of software and related services designed specifically for nonprofit organizations. Microsoft Corp Earnings Cheat Sheet: Beats Estimates>>

Blackbaud, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 21 cents per share, a rise of 16.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 22 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 21 cents during the last month. For the year, analysts are projecting net income of 92 cents per share, a rise of 19.5% from last year.

Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with profit of 21 cents per share against the mean estimate of 16 cents. In the prior quarter, the company reported net income of 24 cents.

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>

Wall St. Revenue Expectations: On average, analysts predict $91.6 million in revenue this quarter, a rise of 13.6% from the year ago quarter. Analysts are forecasting total revenue of $370.2 million for the year, a rise of 13.2% from last year’s revenue of $327.1 million.

Analyst Ratings: Analysts seem relatively indifferent about Blackbaud with four of seven analysts surveyed maintaining a hold rating.

Key Stats:

The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 6.1%. The quarter with the biggest boost was the most recent quarter, which saw a 27.4% surge.

Revenue rose in the first quarter after seeing a drop the quarter before. Revenue rose 14.5% to $87.3 million in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue fell 11.4%.

Competitors to Watch: Convio, Inc. (NASDAQ:CNVO), Microsoft Corporation (NASDAQ:MSFT), Oracle Corporation (NASDAQ:ORCL), Citrix Systems, Inc. (NASDAQ:CTXS), salesforce.com, inc. (NYSE:CRM), Blackboard Inc. (NASDAQ:BBBB), OpenTable Inc (NASDAQ:OPEN), Peerless Systems Corp. (NASDAQ:PRLS), and JDA Software Group, Inc. (NASDAQ:JDAS).

Stock Price Performance: During June 2, 2011 to July 29, 2011, the stock price had fallen $2.51 (-9%) from $27.91 to $25.40. The stock price saw one of its best stretches over the last year between March 23, 2011 and April 1, 2011 when shares rose for eight-straight days, rising 8.2% (+$2.07) over that span. It saw one of its worst periods between March 8, 2011 and March 16, 2011 when shares fell for seven-straight days, falling 7.7% (-$2.07) over that span. Shares are down 26 cents (-1%) year to date.

(Source: Xignite Financials)

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>