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

BlackLine

08/08/2023 23:05

* Blackline Inc  BL.OQ  reported quarterly adjusted earnings
of 41
cents​​ per share for the quarter ended in June. The mean
expectation of thirteen analysts for the quarter was
for earnings of 29 cents per share.
    * Revenue rose 12.5% to $144.57 million from a year ago;
analysts
expected $143.90 million. 
    * Blackline Inc's reported EPS for the quarter was 45
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Blackline Inc shares had risen by 1.0% this quarter and
lost 19.2% so far this year.
    * The company reported quarterly net income of $30.85
million.
    * Wall Street's median 12-month price target for Blackline
Inc is
$60.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 8
"hold" and 3 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 10:05 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.29           0.41           Beat
 Mar. 31 2023      0.16           0.34           Beat
 Dec. 31 2022      0.17           0.35           Beat
 Sep. 30 2022      0.09           0.21           Beat