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Blackbaud (BLKB) Reports Q3 Earnings: What Key Metrics Have to Say
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Blackbaud (BLKB - Free Report) reported $277.63 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 6.3%. EPS of $1.12 for the same period compares to $0.69 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $277.08 million, representing a surprise of +0.20%. The company delivered an EPS surprise of +15.46%, with the consensus EPS estimate being $0.97.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Blackbaud performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Recurring: $269 million compared to the $267.93 million average estimate based on three analysts. The reported number represents a change of +7.9% year over year.
Revenue- One-time services and other: $8.63 million compared to the $9.15 million average estimate based on three analysts. The reported number represents a change of -27.6% year over year.
Recurring Revenue- Contractual recurring: $189.17 million compared to the $187.60 million average estimate based on two analysts.
Recurring Revenue- Transactional recurring: $79.83 million versus the two-analyst average estimate of $79.30 million.
Shares of Blackbaud have returned +2.2% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Blackbaud (BLKB) Reports Q3 Earnings: What Key Metrics Have to Say
Blackbaud (BLKB - Free Report) reported $277.63 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 6.3%. EPS of $1.12 for the same period compares to $0.69 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $277.08 million, representing a surprise of +0.20%. The company delivered an EPS surprise of +15.46%, with the consensus EPS estimate being $0.97.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Blackbaud performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Recurring: $269 million compared to the $267.93 million average estimate based on three analysts. The reported number represents a change of +7.9% year over year.
- Revenue- One-time services and other: $8.63 million compared to the $9.15 million average estimate based on three analysts. The reported number represents a change of -27.6% year over year.
- Recurring Revenue- Contractual recurring: $189.17 million compared to the $187.60 million average estimate based on two analysts.
- Recurring Revenue- Transactional recurring: $79.83 million versus the two-analyst average estimate of $79.30 million.
View all Key Company Metrics for Blackbaud here>>>Shares of Blackbaud have returned +2.2% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.