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

BlackLine

08/05/2024 05:24

* Blackline Inc  BL.OQ  reported quarterly adjusted earnings
of 54
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of 34
cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 47 cents per share. Wall Street
expected results to range from 46 cents to 48 cents per share.
    * Revenue rose 13.3% to $157.46 million from a year ago;
analysts
expected $155.11 million. 
    * Blackline Inc's reported EPS for the quarter was 17
cents​.
    * The company reported quarterly net income of $10.83
million.
    * Blackline Inc shares had fallen by 6.0% this quarter and
lost 2.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
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 3 "strong buy" or "buy," 8
"hold" and 3 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Blackline
Inc is
$61.50 

This summary was machine generated from LSEG data May 8 at 04:23
a.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
 Mar. 31 2024      0.47           0.54           Beat
 Dec. 31 2023      0.55           0.69           Beat
 Sep. 30 2023      0.35           0.51           Beat
 Jun. 30 2023      0.29           0.41           Beat