* Blackbaud Inc reported quarterly adjusted earnings of 93 cents per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 72 cents. The mean expectation of five analysts for the quarter was for earnings of 89 cents per share. Wall Street expected results to range from 80 cents to 98 cents per share.
* Revenue rose 6.7% to $279.25 million from a year ago; analysts expected $282.42 million.
* Blackbaud Inc's reported EPS for the quarter was 10 cents.
* The company reported quarterly net income of $5.25 million.
* Blackbaud Inc shares had risen by 6.4% this quarter and lost 9.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 10.7% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the software peer group is also "buy"
Wall Street's median 12-month price target for Blackbaud Inc is $84.00 This summary was machine generated from LSEG data April 30 at 11:27 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.89 0.93 Beat
Dec. 31 2023 1.05 1.14 Beat
Sep. 30 2023 0.97 1.12 Beat
Jun. 30 2023 0.93 0.98 Beat
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