Blackline Inc expected to post earnings of 47 cents a share - Earnings Preview

BlackLine

04/05/2024 03:24

* Blackline Inc  BL.OQ   BL.O  is expected to show a rise in
quarterly revenue when it reports  results on May 7 for the
period ending January 1 0001
    * The Woodland Hills California-based  company is expected
to
report a 11.6% increase in revenue to $155.108 million from
$138.98 million a year ago, according to the mean estimate from
13 analysts, based on LSEG data.The company's guidance on
February 13 2024, for the period ended March 31, was for revenue
between $154.00 million and $156.00 million.
    * ​LSEG's mean analyst estimate for Blackline Inc is for
earnings
of 47 cents per share. The company's EPS guidance on February 13
2024, for the period ended March 31, was between $0.45 and
$0.48 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 8
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Blackline
Inc is
$61.50​, above​ its last closing price of $60.91. ​​​

The company's guidance on February 13 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD23.1 million and USD24.96 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.55        0.55       0.69      Beat    25.6
 Sep. 30 2023  0.35        0.35       0.51      Beat    45
 Jun. 30 2023  0.29        0.29       0.41      Beat    42.6​
 Mar. 31 2023  0.16        0.16       0.34      Beat    110.8
 ​​Dec.        0.17        0.17       0.35      Beat    105.4
 31 2022                                                
 Sep. 30 2022  0.09        0.09       0.21      Beat    135.2​
 Jun. 30 2022  0.01        0.01       0.07      Beat    900
 Mar. 31 2022  -0.08       -0.08      0.01      Beat    112.6
 This summary was machine generated May 4 at 02:23 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)