Blackbaud shares are trading lower after the company reported worse-than-expected Q4 revenue results. Also, the company issued FY24 EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Blackbaud's stock is trading lower due to disappointing Q4 revenue results and the issuance of FY24 EPS guidance that fell below analyst estimates.
February 13, 2024 | 5:27 pm
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NEGATIVE IMPACT
Blackbaud's shares are trading lower following the announcement of disappointing Q4 revenue results and FY24 EPS guidance below expectations.
The negative reaction in Blackbaud's stock price is directly tied to the company's reported earnings miss and lower than expected future earnings guidance. Such financial results often lead to a decrease in investor confidence and can result in a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100