NASDAQ$BLKB

Blackbaud Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Blackbaud's Q2 2020 earnings were announced, demonstrating recurring revenue growth and increased diluted earnings per share.

Blackbaud reported a 2.8% increase in total GAAP revenue, with recurring revenue making up 93.2% of the total. The company's GAAP diluted earnings per share increased by $0.09, and non-GAAP free cash flow rose by $10.2 million.

  • Total GAAP revenue increased by 2.8%, reaching $232.0 million.
  • GAAP recurring revenue составил $216.3 million, up 3.7%, representing 93.2% of total GAAP revenue.
  • GAAP diluted earnings per share increased by $0.09 to $0.24.
  • Non-GAAP free cash flow increased by $10.2 million to $48.2 million.

Headline financials

Total Revenue

$232M

Previous: $226M+2.8%
EPS (adj)

$0.85

Previous: $0.66+28.8%
Non-GAAP Operating Margin

23.5%

No prior period
GAAP Operating Margin

8.4%

No prior period
Capital Expenditures

-$5.89M

Previous: -$6.38M+7.7%
Free Cash Flow

$5.94M

Previous: $765K+675.9%
Net Income

$11.8M

Previous: $7.14M+65.6%
Operating Income

$19.6M

Previous: $13.5M+45.1%
Gross Profit

$127M

Previous: $125M+1.8%
Cash & Equivalents

$30.5M

Previous: $32.7M-6.5%
Total Assets

$1.9B

Previous: $1.87B+1.2%
Stock-Based Comp

$20.1M

Previous: $15M+34.0%

Revenue & EPS history

Blackbaud · Revenue · Quarterly

$232M

Q2 2020+2.8%vs Q2 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Blackbaud · $265M total across 1 segment · Q4 2022

  • Recurring Revenue
    $265M

Forward guidance

Uncertainty in today's environment is likely to put pressure on near-term revenue growth.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

-0.1%

Avg return

Earnings day

-0.3%

Avg return

5 days after

-0.2%

Avg return

30 days after

51%

35 / 68 earnings

Positive

+17.9%

Q2 2020

Best reaction

-14.3%

Q3 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.1%+0.0%-18.2%
Q4 2025-1.2%+1.7%-7.4%
Q3 2025+6.0%-0.4%-12.1%
Q1 2025-5.5%-2.4%-2.9%
Q4 2024-11.2%-14.6%-20.0%
Q3 2024-13.7%-12.3%-4.0%
Q2 2024-0.8%-4.6%+4.3%
Q1 2024-3.6%-1.1%-2.4%
Q4 2023-14.2%-15.7%-10.1%
Q3 2023+8.5%+11.9%+15.1%
Q2 2023-1.6%-2.5%+0.9%
Q1 2023+3.8%+3.9%+9.7%
Q4 2022-5.0%-4.1%-9.7%
Q3 2022+1.4%+4.8%+10.1%
Q2 2022-6.3%-8.8%-15.8%
Q1 2022-3.7%-9.4%+10.9%
Q4 2021-6.4%-0.5%-3.8%
Q3 2021+16.0%+20.0%-0.7%
Q2 2021-1.0%+2.6%+0.4%
Q1 2021-1.6%-4.6%-1.9%
Q4 2020+9.3%+8.4%+2.4%
Q3 2020-12.0%-17.2%-4.9%
Q2 2020+17.9%+16.2%+19.5%
Q1 2020+4.2%+1.1%+12.9%
Q4 2019+4.2%+3.9%-21.8%
Q3 2019+1.7%-0.3%-2.7%
Q2 2019+4.9%+2.0%+4.2%
Q1 2019-8.5%-2.3%-4.5%
Q4 2018+1.9%+8.2%+8.8%
Q3 2018+3.1%+4.2%+4.4%
Q2 2018-12.2%-14.7%-7.7%
Q1 2018-5.0%-4.6%-7.6%
Q4 2017+10.1%+3.7%+22.6%
Q3 2017+5.8%+10.7%+12.7%
Q2 2017-3.0%-4.6%-8.4%
Q1 2017+0.5%-1.3%+2.9%
Q4 2016+10.8%+12.8%+17.3%
Q3 2016-5.1%-4.2%-1.4%
Q2 2016+0.2%+1.0%+0.8%
Q1 2016-4.3%
Q4 2015+3.4%
Q3 2015-2.2%
Q2 2015+3.3%
Q1 2015-1.2%
Q4 2014-3.9%
Q3 2014+1.5%
Q2 2014+4.9%
Q1 2014+7.9%
Q4 2013+3.6%
Q3 2013-14.3%
Q2 2013+3.5%
Q1 2013+2.8%
Q4 2012+6.2%
Q3 2012-7.7%
Q2 2012-8.7%
Q1 2012-1.2%
Q4 2011-2.6%
Q3 2011-3.0%
Q2 2011-2.7%
Q1 2010+10.4%
Q1 2011+2.3%
Q4 2010-1.1%
Q4 2008-1.1%
Q3 2010+1.4%
Q3 2009+1.4%
Q2 2009+1.4%
Q2 2010+1.4%
Q4 2009+1.4%

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