For the quarter ended March 2024, Blackbaud (BLKB) reported income of $279.25 million, up 6.7% over the identical interval final yr. EPS got here in at $0.93, in comparison with $0.72 within the year-ago quarter.
The reported income represents a shock of -1.05% over the Zacks Consensus Estimate of $282.22 million. With the consensus EPS estimate being $0.85, the EPS shock was +9.41%.
Whereas buyers scrutinize income and earnings modifications year-over-year and the way they evaluate with Wall Avenue expectations to find out their subsequent transfer, some key metrics at all times provide a extra correct image of an organization’s monetary well being.
Since these metrics play a vital function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher venture a inventory’s worth efficiency.
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 Avenue analysts:
- Income- Recurring: $271.52 million versus $274.89 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a +7.4% change.
- Income- One-time providers and different: $7.73 million versus $7.33 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a -14.1% change.
- Recurring Income- Contractual recurring: $190.86 million versus the two-analyst common estimate of $192.35 million. The reported quantity represents a year-over-year change of +7.5%.
- Recurring Income- Transactional recurring: $80.66 million versus the two-analyst common estimate of $82.49 million. The reported quantity represents a year-over-year change of +7.3%.
View all Key Company Metrics for Blackbaud here>>>
Shares of Blackbaud have returned +8.6% over the previous month versus the Zacks S&P 500 composite’s -4.1% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it may carry out in keeping with the broader market within the close to time period.
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A lot of the shares on this report are flying beneath Wall Avenue radar, which supplies an important alternative to get in on the bottom ground.
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Blackbaud, Inc. (BLKB) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
