Company Performance - Blackbaud reported quarterly earnings of 1.14 per share a year ago [1] - The company posted revenues of 295.01 million in the same quarter last year [2] - Over the last four quarters, Blackbaud has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [2] Stock Movement and Outlook - Blackbaud shares have increased approximately 8.1% since the beginning of the year, outperforming the S&P 500's gain of 4% [3] - The future performance of Blackbaud's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is 292.03 million, and for the current fiscal year, it is 1.22 billion [7] Industry Context - The Computer - Software industry, to which Blackbaud belongs, is currently ranked in the bottom 46% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Blackbaud's stock performance [5]
Blackbaud (BLKB) Meets Q4 Earnings Estimates