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Blackbaud (BLKB)
NASDAQ:BLKB
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.9Last Year’s EPS
0.93Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: -17.25%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted several positive developments, including strong financial performance in 2024, successful divestiture of Everfi, and significant AI initiatives. However, the call also mentioned some challenges such as one-time costs impacting free cash flow and anticipated lower revenue growth in 2025 due to renewal pricing and sales focus transition. Despite these factors, the overall sentiment is balanced with a strong emphasis on future growth and innovation.Company Guidance
In the fourth quarter and full-year 2024 earnings call, Blackbaud provided detailed financial guidance, emphasizing its strategic focus and operational progress. For 2024, the company reported revenue of $1.155 billion and an adjusted EBITDA margin of nearly 34%, achieving a non-GAAP diluted earnings per share of $4.07 and a Rule of 40 score of approximately 39%. The social sector revenues grew by 7%, with contractual recurring revenue up 8% and social transactional recurring revenue increasing by 6%. The gross dollar retention rate was about 92% excluding Everfi, and the adjusted free cash flow was approximately $245 million, which is 21% of revenue. Additionally, Blackbaud repurchased 10% of its outstanding common stock in 2024, with plans to buy back 3% to 5% in 2025. Looking forward to 2025, Blackbaud projects revenue between $1.115 billion and $1.125 billion, representing organic growth of 4.2% to 5.1% and expects EBITDA margins of 34.9% to 35.9%. The company plans to continue investing in innovation, with a focus on AI integration, and aims to achieve a Rule of 45 by 2030.Strong Financial Performance in 2024
Blackbaud reported a revenue of $1,155,000,000 and an adjusted EBITDA margin of nearly 34% for 2024. Non-GAAP diluted earnings per share were $4.07, and the Rule of 40 score was approximately 39%. The company’s adjusted free cash flow was strong at approximately $245 million, or 21% of revenue, up from 19% in 2023.
Divestiture of Everfi
Blackbaud successfully closed the divestiture of Everfi, which was previously dilutive to the company's revenue growth and profitability in 2024. The divestiture is expected to improve future financial results.
AI Initiatives and Product Innovation
Blackbaud launched several AI initiatives, including the Blackbaud Copilot, which provides contextual responses and drives actions. The company is leveraging its Intelligence for Good program to integrate machine learning and AI capabilities to streamline workflows and enhance efficiency.
Stock Repurchase Program
In 2024, Blackbaud repurchased 10% of its common stock outstanding, rising to 11% when including net share settlement on employee stock compensation. The company plans to repurchase an additional 3% to 5% of outstanding shares in 2025.
Improvement in Key Financial Metrics Since 2020
Blackbaud's organic growth rate increased from 1.2% in 2020 to 5.2% in 2024. EBITDA margin improved from 26.5% to 33.7%, and adjusted free cash flow margin rose from 8.3% to 21.2% during the same period.
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BLKB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BLKB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $79.88 | $70.96 | -11.17% |
| Oct 30, 2024 | $87.48 | $74.29 | -15.08% |
| Jul 30, 2024 | $80.36 | $79.38 | -1.22% |
| Apr 30, 2024 | $77.92 | $76.05 | -2.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Blackbaud (BLKB) report earnings?
Blackbaud (BLKB) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Blackbaud (BLKB) earnings time?
Blackbaud (BLKB) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLKB EPS forecast?
BLKB EPS forecast for the fiscal quarter 2025 (Q1) is 0.9.
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