Benzinga | Jul 28, 2020 10:54AM EDT

Earnings Preview: Blackbaud

Blackbaud (NASDAQ: BLKB) announces its next round of earnings this Wednesday, July 29. Here is Benzinga's look at Blackbaud's Q2 earnings report.

Earnings and Revenue

Wall Street expects EPS of $0.5 and sales around $217.74 million. In the same quarter last year, Blackbaud reported EPS of $0.660 on revenue of $226.35 million. Analysts estimate would represent a 24.24% decrease in the company's earnings. Sales would have fallen 1.9% from the same quarter last year. Blackbaud's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019EPS Estimate 0.46 0.50 0.50 0.56EPS Actual 0.51 0.51 0.56 0.66Revenue Estimate 221.95 M 232.23 M 219.33 M 223.53 MRevenue Actual 223.62 M 238.08 M 221.12 M 226.35 M

Stock Performance

Over the last 52-week period, shares are down 39.41%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.

Analysts have developed a neutral outlook on the upcoming earnings release over the past few days versus 90 days ago. The general EPS consensus estimate since that time has moved up 8.7% while revenue estimates have moved up %.Given these returns, long-term shareholders are feeling neutral going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Blackbaud is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/zprt2egg