Disappointing results and lowered earnings guidance impact stock
- Blackbaud shares fall after 4Q revenue miss
- Weak adjusted profit outlook
- Stock down 14% at $71
- Shares have fallen about 18% year to date
- 2024 adjusted earnings guidance below analyst expectations
- Adjusted earnings in 4Q above forecasts, but revenue falls short
Shares of Blackbaud dropped after the company reported lower-than-expected fourth-quarter revenue and provided a weak adjusted profit outlook for 2024. The stock fell 14% to $71, contributing to an overall decline of 18% year to date. Blackbaud’s adjusted earnings for the fourth quarter exceeded analyst forecasts, but revenue fell short of expectations. The company’s 2024 adjusted earnings guidance also fell below what analysts had projected. These disappointing results and lowered earnings guidance have negatively impacted the stock.
Public Companies: Blackbaud (N/A)
Private Companies:
Key People:
Factuality Level: 8
Justification: The article provides specific information about Blackbaud’s fourth-quarter revenue and 2024 adjusted earnings guidance, as well as the stock’s performance. It also includes the expectations of analysts and the actual results reported by the company. The information seems to be based on factual data and does not contain any obvious bias or opinion.
Noise Level: 7
Justification: The article provides relevant information about Blackbaud’s fourth-quarter revenue and adjusted earnings guidance. It includes data on the stock’s performance and compares it to analyst expectations. However, it lacks in-depth analysis, scientific rigor, and actionable insights. The article stays on topic and supports its claims with data and examples, but it does not explore long-term trends or antifragility. Overall, the article contains some noise and filler content, but it provides basic information about the company’s financial performance.
Financial Relevance: Yes
Financial Markets Impacted: Shares of Blackbaud
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses the financial performance of Blackbaud and its impact on the stock market. However, there is no mention of an extreme event.
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