Blackbaud (Nasdaq: BLKB ) reported earnings on May 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Blackbaud met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased, while GAAP earnings per share dropped significantly.
Margins dropped across the board.
Blackbaud logged revenue of $94.7 million. The five analysts polled by S&P Capital IQ looked for revenue of $94.3 million on the same basis. GAAP reported sales were 8.5% higher than the prior-year quarter's $87.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.17. The four earnings estimates compiled by S&P Capital IQ averaged $0.20 per share. GAAP EPS of $0.06 for Q1 were 65% lower than the prior-year quarter's $0.17 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 56.6%, 190 basis points worse than the prior-year quarter. Operating margin was 5.5%, 740 basis points worse than the prior-year quarter. Net margin was 2.9%, 580 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $104.8 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $425 million. The average EPS estimate is $1.13.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 93 members rating the stock outperform and 16 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give Blackbaud a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Blackbaud is hold, with an average price target of $33.
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