Blackbaud (NASDAQ:BLKB) reported its Q1 earnings results on Tuesday, May 3, 2022 at 05:10 PM.
Here's what investors need to know about the announcement.
Earnings
Blackbaud missed estimated earnings by 13.64%, reporting an EPS of $0.57 versus an estimate of $0.66.
Revenue was up $37.93 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.07 which was followed by a 5.45% drop in the share price the next day.
Here's a look at Blackbaud's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.68 | 0.61 | 0.72 | 0.62 |
| EPS Actual | 0.75 | 0.78 | 0.82 | 0.68 |
| Revenue Estimate | 241.84M | 219.18M | 225.43M | 215.90M |
| Revenue Actual | 247.89M | 231.22M | 229.44M | 219.19M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Blackbaud management provided guidance for FY 2022, expecting earnings between $2.63 and $2.82 per share.
To track all earnings releases for Blackbaud visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
