Blackbaud (BLKB) Q2 Earnings and Revenues Surpass Estimates

Core Insights - Blackbaud (BLKB) reported quarterly earnings of $1.21 per share, exceeding the Zacks Consensus Estimate of $1.05 per share, and up from $1.08 per share a year ago [1] - The earnings surprise was +15.24%, with the company also surpassing earnings expectations in the previous quarter [2] - Revenue for the quarter was $281.38 million, slightly above the Zacks Consensus Estimate by 1.33%, but down from $287.29 million year-over-year [3] Financial Performance - The company has surpassed consensus EPS estimates two times over the last four quarters [2] - Blackbaud's shares have declined approximately 12.7% year-to-date, contrasting with the S&P 500's gain of 8.3% [4] - Current consensus EPS estimate for the upcoming quarter is $1.04 on revenues of $278.19 million, and for the current fiscal year, it is $4.23 on revenues of $1.12 billion [8] Industry Context - The Computer - Software industry, to which Blackbaud belongs, is currently ranked in the top 21% of over 250 Zacks industries, indicating a favorable outlook [9] - The performance of Blackbaud's stock may be influenced by the overall industry outlook and trends in earnings estimate revisions [6][9]