Blackbaud (BLKB) Q3 Earnings and Revenues Surpass Estimates

Core Insights - Blackbaud (BLKB) reported quarterly earnings of $1.1 per share, exceeding the Zacks Consensus Estimate of $1.07 per share, and up from $0.99 per share a year ago [1] - The company achieved an earnings surprise of +2.80% for the quarter, and has surpassed consensus EPS estimates three times in the last four quarters [2] - Blackbaud's revenues for the quarter were $281.14 million, slightly above the Zacks Consensus Estimate by 0.53%, but down from $286.73 million year-over-year [3] Financial Performance - The earnings surprise of +2.80% indicates strong performance relative to expectations [2] - The company has consistently exceeded revenue estimates, achieving this three times in the last four quarters [3] - Year-to-date, Blackbaud shares have declined by approximately 13.2%, contrasting with a 17.2% gain in the S&P 500 [4] Future Outlook - The future performance of Blackbaud's stock will largely depend on management's commentary during the earnings call and the subsequent earnings outlook [4][5] - Current consensus EPS estimate for the upcoming quarter is $1.17, with expected revenues of $293.91 million, and for the current fiscal year, the EPS estimate is $4.40 on revenues of $1.13 billion [8] - The Zacks Rank for Blackbaud is currently 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [7] Industry Context - The Computer - Software industry, to which Blackbaud belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [9] - The performance of Blackbaud may also be influenced by the overall industry outlook, as top-ranked industries tend to outperform lower-ranked ones significantly [9]