Blackbaud Inc (NASDAQ: BLKB) has reported earnings for its third fiscal quarter (ending September 30) of $0.41 versus $0.17 for the same period a year ago — an increase of 141%. E.P.S. were $1.03 for the latest four quarters through September 30 versus $-0.48 for the same period a year ago — a decline of -315%.
Recent Price Action
Blackbaud Inc (NASDAQ: BLKB) stock suffered a major decline of -15.1% on 10/30/24. The shares closed at $74.29. Moreover, exceptionally high trading volume at 266% of normal accompanied the decline. The stock has declined -14.8% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
BLKB’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Blackbaud has a current Value Trend Rating of C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Blackbaud has a poor Appreciation Score of 26 but a slightly positive Power Rating of 69, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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