Blackbaud Expects FY24 GAAP Revenue Of $1.15B-$1.16B (Prior $1.164B-$1.194B) Vs Est $1.17B, Adj EPS Of $3.98-$4.16 (Prior $4.12-$4.38) Vs Est $4.19
Portfolio Pulse from Benzinga Newsdesk
Blackbaud has revised its 2024 financial guidance, lowering its GAAP revenue and adjusted EPS expectations. The company now anticipates GAAP revenue between $1.15B and $1.16B, and adjusted EPS between $3.98 and $4.16, both below previous estimates.
October 30, 2024 | 11:24 am
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Blackbaud has lowered its 2024 financial guidance, with GAAP revenue now expected between $1.15B and $1.16B, and adjusted EPS between $3.98 and $4.16, both below previous estimates and market expectations.
The revision of Blackbaud's financial guidance indicates a less optimistic outlook for 2024, with both revenue and EPS expectations lowered. This is likely to negatively impact investor sentiment and the stock price in the short term.
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