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

BlackLine

04/05/2023 22:36

* Blackline Inc  BL.OQ  reported quarterly adjusted earnings
of 34
cents​​ per share for the quarter ended in March. The mean
expectation of fourteen analysts for the quarter was
for earnings of 16 cents per share.
    * Revenue rose 15.6% to $138.98 million from a year ago;
analysts
expected $138.09 million. 
    * Blackline Inc's reported EPS for the quarter was a loss
of 20
cents​.
    * The mean earnings estimate of analysts had risen by
about 41.9%
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 fallen by 22.9% this quarter and
lost 23.1% so far this year.
    * The company reported a quarterly loss of $12.01 million.
    * Wall Street's median 12-month price target for Blackline
Inc is
$64.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 8
"hold" and 4 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 09:36 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.16           0.34           Beat
 Dec. 31 2022      0.17           0.35           Beat
 Sep. 30 2022      0.09           0.21           Beat
 Jun. 30 2022      0.01           0.07           Beat