Blackbaud Q3 2024 Adj. EPS $0.99 Misses $1.07 Estimate, Sales $286.727M Miss $293.780M Estimate
Portfolio Pulse from Benzinga Newsdesk
Blackbaud reported its Q3 2024 financial results, with adjusted EPS of $0.99 missing the estimate of $1.07, and sales of $286.727 million falling short of the $293.780 million estimate.

October 30, 2024 | 11:16 am
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NEGATIVE IMPACT
Blackbaud's Q3 2024 earnings report showed a miss on both EPS and sales estimates, which could negatively impact the stock price in the short term.
The company's earnings per share and sales figures both missed analyst expectations, which typically leads to a negative reaction in the stock market as investors adjust their valuations based on the lower-than-expected financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100