Hewlett-Packard and Blackbaud Shares Lower Ahead of Earnings

Hewlett-Packard Company (NYSE:HPQ) will unveil its latest earnings on Wednesday, February 22, 2012. The average analyst estimate is for profit of 87 cents per share, a decline of 36% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.11. Between one and three months ago, the average estimate moved down. It has been unchanged at 87 cents during the last month. For the year, analysts are projecting net income of $4.12 per share, a decline of 15.6% from last year.

The company topped forecasts last quarter after being in line with estimates the quarter prior. In the fourth quarter of the last fiscal year, it reported profit of $1.17 per share versus a mean estimate of $1.13. Two quarters ago, it reported net income of $1.10 per share. Analysts are projecting a decline of 4.7% in revenue from the year-earlier quarter to $30.77 billion.

Competitors to Watch: Dell Inc. (NASDAQ:DELL), Apple Inc. (NASDAQ:AAPL), Oracle Corporation (NASDAQ:ORCL), Microsoft Corporation (NASDAQ:MSFT), Cisco Systems, Inc. (NASDAQ:CSCO), Intl. Business Machines Corp. (NYSE:IBM), EMC Corporation (NYSE:EMC), Super Micro Computer, Inc. (NASDAQ:SMCI), RadiSys Corporation (NASDAQ:RSYS), and Silicon Graphics Intl. Corp (NASDAQ:SGI).

Blackbaud, Inc. (NASDAQ:BLKB) will unveil its latest earnings on Wednesday, February 22, 2012. The average estimate of analysts is for net income of 24 cents per share, no change from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 14.3% compared to last year’s 88 cents.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting profit of 25 cents per share against a mean estimate of net income of 24 cents per share. Analysts predict a rise of 14.1% in revenue from the year-earlier quarter to $99.2 million.

Competitors to Watch: Convio, Inc. (NASDAQ:CNVO), Microsoft Corporation (NASDAQ:MSFT), Oracle Corporation (NASDAQ:ORCL), Citrix Systems, Inc. (NASDAQ:CTXS), salesforce.com, inc. (NYSE:CRM), Blackboard Inc. (NASDAQ:BBBB), OpenTable Inc (NASDAQ:OPEN), Peerless Systems Corp. (NASDAQ:PRLS), and JDA Software Group, Inc. (NASDAQ:JDAS).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com