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Blackbaud (BLKB)
NASDAQ:BLKB
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Earnings Data
Report Date
Feb 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.06Last Year’s EPS
$1.14Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -12.77%
|Next Earnings Date:Feb 17, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook for Blackbaud. While the social sector performed well, driven by strong recurring revenue and innovative product developments, the significant decline in EVERFI's performance negatively impacted overall growth. The company is actively addressing this issue through cost reductions and strategic alternatives.Company Guidance
During Blackbaud's Q3 2024 earnings call, the company revised its full-year guidance, largely due to the underperformance of EVERFI, which represents about 7% of their business. The company's overall revenue is expected to range from $1.150 billion to $1.160 billion, with an organic growth rate of 5.2%. Adjusted EBITDA margin guidance has been increased slightly to 33% to 34%. Despite EVERFI's challenges, Blackbaud's social sector reported a 6.6% revenue growth, with contractual recurring revenue up 6.8% and transactional recurring revenue growing by 6.6%. The company's adjusted free cash flow was nearly $100 million for the quarter, and they plan to repurchase up to 10% of outstanding common stock by year-end. Gross dollar retention, excluding EVERFI, was approximately 92%.Strong Performance in Social Sector
Revenue in the social sector grew 6.6% despite a challenging comparison, with contractual recurring revenue up 6.8% and transactional recurring revenue up 6.6%. Gross dollar retention was 90%, or 92% excluding EVERFI.
Adjusted Free Cash Flow and Stock Repurchase
Adjusted free cash flow reached nearly $100 million in Q3. The company has repurchased approximately 8% of its common stock outstanding at the end of 2023, with plans to buy back up to 10% by year-end 2024.
Innovation and Strategic Partnerships
Announced six waves of innovation, including AI capabilities and a partnership with Constant Contact. New product launches like Payment Assistant indicate continued investment in product development.
Improved Financial Metrics
Total revenue was $287 million, up 3.3% year-over-year and 4.3% on an organic basis. Adjusted EBITDA margin was 33.2%, and adjusted free cash flow year-to-date was $187 million, up from $177 million in 2023.
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BLKB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BLKB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $87.48 | $74.29 | -15.08% |
| Jul 30, 2024 | $80.36 | $79.38 | -1.22% |
| Apr 30, 2024 | $77.92 | $76.05 | -2.40% |
| Feb 12, 2024 | $82.65 | $70.38 | -14.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Blackbaud (BLKB) report earnings?
Blackbaud (BLKB) is schdueled to report earning on Feb 17, 2025, TBA Not Confirmed.
What is Blackbaud (BLKB) earnings time?
Blackbaud (BLKB) earnings time is at Feb 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLKB EPS forecast?
BLKB EPS forecast for the fiscal quarter 2024 (Q4) is $1.06.
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