BLKB reports fourth-quarter results, with the top line missing estimates but the bottom line meeting the same. It provides guidance for 2025.
Blackbaud's growth rates deteriorated further in Q4, especially after its sale of underperforming subsidiary EVERFI. Blackbaud's reliance on M&A has led to a highly leveraged balance sheet with $1 billion in net debt and poor acquisition outcomes. The company's new pricing strategy, involving significant rate increases, risks higher customer churn, further stalling revenue growth.
Blackbaud Inc. (NASDAQ:BLKB ) Q4 2024 Earnings Conference Call February 18, 2025 8:00 AM ET Company Participants Mike Gianoni - President, Chief Executive Officer Tony Boor - Chief Financial Officer Tom Barth - Head of Investor Relations Conference Call Participants Brian Peterson - Raymond James Rob Oliver - Baird Parker Lane - Stifel Kirk Materne - Evercore ISI Operator Good day and welcome to Blackbaud's fourth quarter and fiscal year 2024 earnings conference call. Today's conference is being recorded.
Blackbaud (BLKB) came out with quarterly earnings of $1.08 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.14 per share a year ago.
BLKB???s integration with True Impact offers powerful features for CSR leaders. Companies can accurately measure their philanthropic impact using nonprofit data.
Blackbaud launches Optimized Donation Forms in Australia and New Zealand, boosting gift sizes, eliminating fees and growing donor bases for Raiser's Edge NXT users.
BLKB announces the sale of its EVERFI business to a private firm as it faces slow growth due to challenges within the segment.
Blackbaud (BLKB) reported earnings 30 days ago. What's next for the stock?
BLKB collaborates with Flywire to bolster payment experiences for international students in K-12 schools.
Examine Blackbaud's (BLKB) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.
Blackbaud BLKB reported third-quarter 2024 non-GAAP earnings per share (EPS) of 99 cents, which missed the Zacks Consensus Estimate by 5.7%. The bottom line decreased 11.6% year over year.
The headline numbers for Blackbaud (BLKB) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.