Blackbaud Inc. Third Quarter Earnings Sneak Peek

Blackbaud, Inc. (NASDAQ:BLKB) will unveil its latest earnings on Tuesday, November 1, 2011. Blackbaud is a global provider of software and related services designed specifically for nonprofit organizations.

Blackbaud, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 24 cents per share, a rise of 20% 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 25 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 24 cents during the last month. For the year, analysts are projecting net income of 88 cents per share, a rise of 14.3% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 23 cents per share versus a mean estimate of net income of 21 cents per share.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: On average, analysts predict $96.3 million in revenue this quarter, a rise of 15.8% from the year ago quarter. Analysts are forecasting total revenue of $376.4 million for the year, a rise of 15.1% from last year’s revenue of $327.1 million.

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

A Look Back: In the second quarter, profit rose 31.5% to $8.9 million (20 cents a share) from $6.8 million (15 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 15.8% to $93.4 million from $80.7 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 27.4% in the first quarter and 7.4% in the fourth quarter of the last fiscal year.

The company’s revenue has risen for two straight quarters. In the first quarter, the figure rose 14.5%.

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), Cover-All Tech. Inc. (COVR), Peerless Systems Corp. (NASDAQ:PRLS), and JDA Software Group, Inc. (NASDAQ:JDAS).

Stock Price Performance: During September 28, 2011 to October 26, 2011, the stock price had risen $3.43 (14.9%) from $23.03 to $26.46. 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% (+$2.06) 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% (-$2.06) over that span. Shares are up 93 cents (+3.6%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

More from The Cheat Sheet