Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Blackbaud
So what: Blackbaud booked $0.27 in non-GAAP earnings, up 23% year over year, on $93.4 million in revenue. Analysts were expecting $0.25 and $91.6 million, respectively, according to data compiled by Yahoo! Finance.
Now what: In a statement, CEO Marc Chardon credited growth to good execution and a stable market for the company's wares. He's probably right. Blackbaud has nailed EPS targets to the penny in three of the past five quarters and beaten estimates the other two times. Judging by today's action, investors seem to think that's predictability worth paying for. Do you agree? Disagree? Weigh in using the comments box below.
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