Here's Why Blackbaud (BLKB) is a Strong Growth Stock

Group 1 - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market within a 30-day timeframe, using an alphabetic rating system from A to F based on value, growth, and momentum characteristics [2][3][4] - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales, appealing to value investors [3] - The Growth Score assesses a company's future prospects by analyzing projected and historical earnings, sales, and cash flow, catering to growth investors [3] Group 2 - The Momentum Score identifies optimal entry points for stocks based on price trends and earnings estimate changes, aligning with momentum trading strategies [4] - The VGM Score combines the Value, Growth, and Momentum Scores, providing a comprehensive indicator for investors who utilize multiple investment styles [5] - The Zacks Rank, a proprietary stock-rating model, leverages earnings estimate revisions to assist investors in building successful portfolios [6] Group 3 - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7] - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 that also possess Style Scores of A or B [8] - The direction of earnings estimate revisions is crucial when selecting stocks, as a downward trend in earnings outlook can negatively impact stock performance, regardless of Style Scores [9] Group 4 - Blackbaud Inc. (BLKB) is a cloud software company focused on social causes, currently holding a Zacks Rank of 3 (Hold) with a VGM Score of B [10] - BLKB has a Growth Style Score of A, indicating a forecasted year-over-year earnings growth of 7% for the current fiscal year [10] - Recent analyst revisions have increased BLKB's earnings estimate for fiscal 2024 by $0.02 to $4.26 per share, with an average earnings surprise of 10% [11]