Blackline Inc reports results for the quarter ended in December - Earnings Summary

BlackLine

13/02/2024 22:41

* Blackline Inc  BL.OQ  reported quarterly adjusted earnings
of 69
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 35
cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 55 cents per share. Wall Street
expected results to range from 53 cents to 57 cents per share.
    * Revenue rose 11.3% to $155.73 million from a year ago;
analysts
expected $154.29 million. 
    * Blackline Inc's reported EPS for the quarter was 32
cents​.
    * The company reported quarterly net income of $22.07
million.
    * Blackline Inc shares had fallen by 2.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and 4 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Blackline Inc is
$60.00 
This summary was machine generated from LSEG data February 13 at
10:41 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.55           0.69           Beat
 Sep. 30 2023      0.35           0.51           Beat
 Jun. 30 2023      0.29           0.41           Beat
 Mar. 31 2023      0.16           0.34           Beat