Blackbaud Inc. First Quarter Earnings Sneak Peek

Blackbaud, Inc. (NASDAQ:BLKB) will unveil its latest earnings on Thursday, May 3, 2012. Blackbaud is a global provider of software and related services designed specifically for nonprofit organizations.

Blackbaud, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 15 cents per share, a decline of 28.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 22 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 17 cents during the last month. For the year, analysts are projecting net income of 95 cents per share, a rise of 4.4% from last year.

Past Earnings Performance: Last quarter, the company missed estimates by 3 cents, coming in at profit of 21 cents per share versus a mean estimate of net income of 24 cents per share. In the third quarter of the last fiscal year, the company beat estimates by one cent.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 7.9% in revenue from the year-earlier quarter to $94.2 million.

Analyst Ratings: Analysts seem relatively indifferent about Blackbaud with four of five analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 18.7% to $6.9 million (15 cents a share) from $8.5 million (20 cents a share) the year earlier, missing analyst expectations. Revenue rose 8.9% to $94.7 million from $87 million.

Key Stats:

After last quarter’s profit drop broke a string of income increases, this earnings announcement is definitely a chance for a rebound. Net income rose 27.4% in the first quarter of the last fiscal year, 31.5% in the second quarter of the last fiscal year and 14.6% in the third quarter of the last fiscal year before declining in the fourth quarter of the last fiscal year.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 14.5% in the first quarter of the last fiscal year, 15.8% in the second quarter of the last fiscal year and 14.8% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between March 29, 2012 and April 27, 2012, the stock price dropped $1.69 (-5.1%), from $33.36 to $31.67. The stock price saw one of its best stretches over the last year between March 6, 2012 and March 13, 2012, when shares rose for six straight days, increasing 7% (+$2.15) over that span. It saw one of its worst periods between February 24, 2012 and March 2, 2012 when shares fell for six straight days, dropping 6.1% (-$2.01) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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