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

BlackLine

02/11/2023 21:48

* Blackline Inc  BL.OQ  reported quarterly adjusted earnings
of 51
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 21 cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 35 cents per share. Wall Street
expected results to range from 34 cents to 41 cents per share.
    * Revenue rose 12.2% to $150.71 million from a year ago;
analysts
expected $149.75 million. 
    * Blackline Inc's reported EPS for the quarter was 19
cents​.
    * The company reported quarterly net income of $11.92
million.
    * Blackline Inc shares had fallen by 13.3% this quarter and
lost 28.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 16.2%
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," 7
"hold" and 3 "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
$59.00 
This summary was machine generated from LSEG data November 2 at
09:48 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.35           0.51           Beat
 Jun. 30 2023      0.29           0.41           Beat
 Mar. 31 2023      0.16           0.34           Beat
 Dec. 31 2022      0.17           0.35           Beat