Blackbaud Q2 2024 Adj. EPS $1.08 Beats $1.04 Estimate, Sales $287.286M Miss $289.421M Estimate
Portfolio Pulse from Benzinga Newsdesk
Blackbaud (NASDAQ:BLKB) reported Q2 2024 adjusted EPS of $1.08, beating the estimate of $1.04, but sales of $287.286M missed the $289.421M estimate. EPS increased by 10.2% YoY, while sales grew by 5.99% YoY.
July 30, 2024 | 8:11 pm
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Blackbaud's Q2 2024 adjusted EPS of $1.08 beat estimates by 3.85%, showing a 10.2% YoY increase. However, sales of $287.286M missed estimates by 0.74%, despite a 5.99% YoY growth.
The positive EPS surprise and YoY growth in earnings are likely to have a positive short-term impact on the stock price. However, the slight miss in sales estimates may temper the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100