* Blackbaud Inc reported quarterly adjusted earnings of 99 cents per share for the quarter ended January 1, lower than the same quarter last year, when the company reported EPS of $1.12. The mean expectation of five analysts for the quarter was for earnings of $1.07 per share. Wall Street expected results to range from $1.02 to $1.12 per share.
* Revenue rose 3.3% to $286.73 million from a year ago; analysts expected $293.78 million.
* Blackbaud Inc's reported EPS for the quarter was 40 cents.
* The company reported quarterly net income of $20.54 million.
* Blackbaud Inc shares had risen by 3.3% this quarter and gained 0.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 0.6% 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 $87.87 This summary was machine generated from LSEG data October 30 at 03:21 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
Sep. 30 2024 1.07 0.99 Missed
Jun. 30 2024 1.04 1.08 Beat
Mar. 31 2024 0.89 0.93 Beat
Dec. 31 2023 1.05 1.14 Beat
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