Blackbaud (Nasdaq: BLKB ) is expected to report Q3 earnings on Oct. 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Blackbaud's revenues will increase 31.6% and EPS will shrink -17.2%.
The average estimate for revenue is $125.7 million. On the bottom line, the average EPS estimate is $0.24.
Last quarter, Blackbaud recorded revenue of $110.2 million. GAAP reported sales were 17% higher than the prior-year quarter's $93.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.24. GAAP EPS were -$0.05 for Q2 versus $0.21 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 54.2%, 390 basis points worse than the prior-year quarter. Operating margin was 5.0%, 1,040 basis points worse than the prior-year quarter. Net margin was -2.1%, 1,210 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $461.4 million. The average EPS estimate is $0.93.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 93 members out of 108 rating the stock outperform, and 15 members rating it underperform. Among 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give Blackbaud a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Blackbaud is outperform, with an average price target of $34.33.
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