For the quarter ended September 2024, Blackbaud (BLKB) reported income of $286.73 million, up 3.3% over the identical interval final yr. EPS got here in at $0.99, in comparison with $1.12 within the year-ago quarter.
The reported income represents a shock of -2.41% over the Zacks Consensus Estimate of $293.81 million. With the consensus EPS estimate being $1.05, the EPS shock was -5.71%.
Whereas buyers scrutinize income and earnings modifications year-over-year and the way they examine with Wall Road expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers challenge a inventory’s value efficiency extra precisely.
Right here is how Blackbaud carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Income- Recurring: $280.02 million versus the three-analyst common estimate of $287.44 million. The reported quantity represents a year-over-year change of +4.1%.
- Income- One-time companies and different: $6.71 million in comparison with the $6.37 million common estimate primarily based on three analysts. The reported quantity represents a change of -22.2% yr over yr.
- Recurring Income- Contractual recurring: $194.80 million versus the two-analyst common estimate of $202.85 million. The reported quantity represents a year-over-year change of +3%.
- Recurring Income- Transactional recurring: $85.22 million in comparison with the $85.57 million common estimate primarily based on two analysts. The reported quantity represents a change of +6.8% yr over yr.
View all Key Company Metrics for Blackbaud here>>>
Shares of Blackbaud have returned +4.5% over the previous month versus the Zacks S&P 500 composite’s +1.8% change. The inventory presently has a Zacks Rank #4 (Promote), indicating that it may underperform the broader market within the close to time period.
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Blackbaud, Inc. (BLKB) : Free Stock Analysis Report
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