Blackbaud Extraordinary Items vs Income Tax Expense Analysis
BLKB Stock | USD 76.05 1.87 2.40% |
Blackbaud financial indicator trend analysis is way more than just evaluating Blackbaud prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blackbaud is a good investment. Please check the relationship between Blackbaud Extraordinary Items and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blackbaud. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For information on how to trade Blackbaud Stock refer to our How to Trade Blackbaud Stock guide.
Extraordinary Items vs Income Tax Expense
Extraordinary Items vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Blackbaud Extraordinary Items account and Income Tax Expense. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Blackbaud's Extraordinary Items and Income Tax Expense is -0.4. Overlapping area represents the amount of variation of Extraordinary Items that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Blackbaud, assuming nothing else is changed. The correlation between historical values of Blackbaud's Extraordinary Items and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Extraordinary Items of Blackbaud are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Extraordinary Items i.e., Blackbaud's Extraordinary Items and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.4 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Extraordinary Items
Income Tax Expense
Most indicators from Blackbaud's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blackbaud current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blackbaud. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For information on how to trade Blackbaud Stock refer to our How to Trade Blackbaud Stock guide.At present, Blackbaud's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 16.6 M, whereas Enterprise Value Over EBITDA is forecasted to decline to 19.30.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 484.5M | 552.7M | 600.1M | 630.1M | Total Revenue | 927.7M | 1.1B | 1.1B | 1.2B |
Blackbaud fundamental ratios Correlations
Click cells to compare fundamentals
Blackbaud Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Blackbaud fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.0B | 2.0B | 3.0B | 3.0B | 2.9B | 3.1B | |
Total Stockholder Equity | 396.8M | 426.2M | 717.1M | 744.0M | 808.7M | 849.1M | |
Net Debt | 530.9M | 512.6M | 954.4M | 872.3M | 91.5M | 86.9M | |
Cash | 31.8M | 35.8M | 55.1M | 31.7M | 728.3M | 764.7M | |
Other Assets | 65.2M | 207.1M | 77.3M | 62.4M | 56.2M | 53.1M | |
Cash And Short Term Investments | 31.8M | 35.8M | 55.1M | 31.7M | 728.3M | 764.7M | |
Common Stock Shares Outstanding | 48.3M | 48.7M | 48.2M | 51.6M | 53.7M | 50.4M | |
Liabilities And Stockholders Equity | 2.0B | 2.0B | 3.0B | 3.0B | 2.9B | 3.1B | |
Other Stockholder Equity | 167.1M | 191.9M | 468.0M | 538.0M | 611.5M | 642.0M | |
Total Liab | 1.6B | 1.6B | 2.2B | 2.2B | 2.1B | 2.2B | |
Total Current Assets | 734.5M | 819.1M | 851.0M | 918.6M | 929.8M | 976.2M | |
Common Stock Total Equity | 60K | 61K | 66K | 68K | 61.2K | 71.8K | |
Common Stock | 60K | 61K | 66K | 68K | 69K | 65.6K | |
Short Long Term Debt Total | 562.7M | 548.4M | 1.0B | 904.0M | 819.7M | 860.7M | |
Other Current Liab | 619.3M | 660.5M | 694.4M | 786.9M | 760.2M | 798.2M | |
Total Current Liabilities | 988.8M | 1.0B | 1.1B | 1.2B | 1.2B | 1.3B | |
Property Plant And Equipment Net | 139.9M | 127.8M | 165.3M | 153.3M | 135.6M | 142.4M | |
Current Deferred Revenue | 314.3M | 312.2M | 374.5M | 382.4M | 392.5M | 214.4M | |
Retained Earnings | 234.9M | 236.7M | 242.5M | 197.0M | 198.9M | 150.2M | |
Accounts Payable | 47.7M | 27.8M | 22.1M | 42.6M | 25.2M | 18.4M | |
Non Current Assets Total | 1.3B | 1.2B | 2.1B | 2.1B | 2.0B | 2.1B | |
Non Currrent Assets Other | 65.2M | 72.6M | 77.3M | 94.3M | 51.0M | 28.0M | |
Long Term Debt | 459.6M | 518.2M | 937.5M | 840.2M | 760.4M | 798.4M | |
Net Receivables | 89.4M | 95.7M | 103.7M | 103.1M | 102.2M | 72.4M | |
Good Will | 634.1M | 635.9M | 1.1B | 1.1B | 1.1B | 1.1B | |
Non Current Liabilities Total | 607.4M | 605.2M | 1.1B | 1.0B | 906.4M | 951.8M | |
Inventory | 545.5M | 609.2M | 596.6M | 702.2M | (16.2M) | (15.4M) | |
Other Current Assets | 67.9M | 78.4M | 95.5M | 81.7M | 99.3M | 104.2M | |
Property Plant And Equipment Gross | 139.9M | 127.8M | 165.3M | 153.3M | 209.3M | 219.8M | |
Accumulated Other Comprehensive Income | (5.3M) | (2.5M) | 6.5M | 8.9M | (1.7M) | (1.8M) | |
Intangible Assets | 419.2M | 389.3M | 795.3M | 776.2M | 742.1M | 779.2M | |
Property Plant Equipment | 35.5M | 105.2M | 165.3M | 107.4M | 123.5M | 129.7M | |
Other Liab | 50.4M | 69.6M | 147.8M | 132.9M | 152.8M | 160.4M | |
Treasury Stock | (290.7M) | (353.1M) | (500.9M) | (537.3M) | (483.6M) | (459.4M) | |
Short Term Investments | 524K | 321K | 977K | 249K | 353K | 335.4K | |
Net Tangible Assets | (656.5M) | (599.0M) | (1.2B) | (1.1B) | (974.2M) | (925.5M) | |
Retained Earnings Total Equity | 234.9M | 236.7M | 242.5M | 197.0M | 226.6M | 192.3M | |
Capital Surpluse | 457.8M | 545.0M | 968.9M | 1.1B | 1.2B | 1.3B | |
Deferred Long Term Liab | 44.6M | 54.1M | 148.5M | 125.8M | 144.6M | 151.9M |
Pair Trading with Blackbaud
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Blackbaud position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Blackbaud will appreciate offsetting losses from the drop in the long position's value.Moving against Blackbaud Stock
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The ability to find closely correlated positions to Blackbaud could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blackbaud when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Blackbaud - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Blackbaud to buy it.
The correlation of Blackbaud is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Blackbaud moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackbaud moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Blackbaud can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blackbaud. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For information on how to trade Blackbaud Stock refer to our How to Trade Blackbaud Stock guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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Is Blackbaud's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Blackbaud. If investors know Blackbaud will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Blackbaud listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.3 | Earnings Share 0.03 | Revenue Per Share 21.037 | Quarterly Revenue Growth 0.074 | Return On Assets 0.0237 |
The market value of Blackbaud is measured differently than its book value, which is the value of Blackbaud that is recorded on the company's balance sheet. Investors also form their own opinion of Blackbaud's value that differs from its market value or its book value, called intrinsic value, which is Blackbaud's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Blackbaud's market value can be influenced by many factors that don't directly affect Blackbaud's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Blackbaud's value and its price as these two are different measures arrived at by different means. Investors typically determine if Blackbaud is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blackbaud's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.