Blackbaud Inc. (BLKB) shares plunged 9.44% in pre-market trading on Tuesday, following the company's release of its fourth-quarter 2024 earnings report and full-year 2025 guidance.
While Blackbaud reported adjusted earnings per share of $1.08 for Q4 2024, marginally beating the consensus estimate of $1.06, its revenue of $302.2 million came in slightly below expectations of $303.7 million. However, the primary catalyst for the stock's decline appears to be the company's disappointing outlook for the upcoming fiscal year.
For the full year 2025, Blackbaud provided adjusted earnings per share guidance of $4.16 to $4.35, significantly lower than the analyst consensus estimate of $4.53. Additionally, the company's revenue guidance of $1.12 billion to $1.13 billion missed the expected $1.22 billion, raising concerns about its future growth prospects among investors.