Several brokerages have forecasted that the stocks of BLKB have been posting sales of close to $228.09 million for the present quarter. According to reports, three of the investment analysts have already provided estimates on the earnings of the company, with the estimates ranging all the way from $219.39 million to a hefty $235.04 million. The company did report sales of $238.08 million the previous year, which is indicative of a negative annual growth rate of 4.2%. The company will be reporting its next quarterly earnings results on the 8th of February.
The Quarterly Earnings of BLKB
The stocks of BLKB previously announced their earnings results on the 28th of October. The company had reported an EPS of $0.73 for this quarter, which beat out the consensus estimate by $0.35. The company registered a net margin of 2.49%, with a return on their equity of around 17.03%. The revenue earned by the quarter was $215 million, which lost out to the consensus estimate of around $220.44 million.
There have been quite a few companies that have reported on the stocks of BLKB. Zacks Investment Research has also downgraded the shares of the company from a rating of buy, to a rating of hold, along with a price target of $52 on the stocks of the firm. BidaskClub has also cut the shares of the company from a rating of sell, to a rating of strong sell in a 31st December report. In the end, DA Davidson too increased the price target of the company from a sum of $45 to a sum of $56, while giving the company a rating of neutral.
One of the equities analysts has already given the stocks OF BLKB a rating of sell, while six of them have given it a rating of hold. The company has an average rating of hold, with a target price of $62.67.
