Research

BLKB – Market expectations are for Uniform ROA to fade, but management is confident about pricing, transactions, and problem solving

October 30, 2020
  • Blackbaud, Inc. (BLKB:USA) currently trades below recent averages relative to UAFRS-based (Uniform) earnings, with a 21.1x Uniform P/E. At these levels, the market has bearish expectations for the firm, but management is confident about their pricing, Charleston transaction, and ability to solve problems

  • Specifically, management is confident their new pricing and financing offers are responding to the changing needs of their customers. Management is also confident in their ability to close the Charleston headquarters transaction during H2 2020. Furthermore, they are confident they play a critical role in solving their clients’ challenges