Blackbaud Sees FY23 EPS $3.63-$3.94 Vs $3.76 Est.; Revenue $1.095B-$1.125B Vs $1.11B Est.
Portfolio Pulse from Happy Mohamed
Blackbaud has reiterated its 2023 full year financial guidance, expecting non-GAAP revenue of $1.095 billion to $1.125 billion, non-GAAP adjusted EBITDA margin of 30.5% to 31.5%, and non-GAAP earnings per share of $3.63 to $3.94. The company also expects non-GAAP adjusted free cash flow of $190 million to $210 million. The guidance includes assumptions such as an expected non-GAAP annualized effective tax rate of approximately 20% and capital expenditures in the range of approximately $65 million to $75 million.
August 04, 2023 | 10:30 am
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NEUTRAL IMPACT
Blackbaud's reiterated FY23 guidance aligns with market expectations, which could stabilize the stock in the short term.
Blackbaud's FY23 guidance is in line with market expectations, which could reassure investors and stabilize the stock in the short term. However, the company's future performance will depend on its ability to meet these targets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100