BlackLine (NASDAQ:BL) Issues Q1 2025 Earnings Guidance

BlackLine (NASDAQ:BL - Get Free Report) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.360-0.390 for the period, compared to the consensus EPS estimate of 0.520. The company issued revenue guidance of $166.0 million-$168.0 million, compared to the consensus revenue estimate of $170.6 million. BlackLine also updated its FY 2025 guidance to 1.970-2.100 EPS.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on BlackLine from $47.00 to $50.00 and gave the company an "underweight" rating in a report on Friday, October 25th. BMO Capital Markets lowered their price target on BlackLine from $68.00 to $60.00 and set a "market perform" rating for the company in a research report on Wednesday. Piper Sandler decreased their target price on BlackLine from $60.00 to $58.00 and set an "underweight" rating for the company in a report on Wednesday. JMP Securities reiterated a "market outperform" rating and issued a $86.00 target price on shares of BlackLine in a report on Wednesday, January 15th. Finally, Truist Financial decreased their target price on BlackLine from $60.00 to $55.00 and set a "hold" rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $66.40.

BlackLine Stock Down 1.7 %

BlackLine stock traded down $0.89 during midday trading on Friday, reaching $51.37. The company's stock had a trading volume of 913,448 shares, compared to its average volume of 516,899. BlackLine has a fifty-two week low of $43.37 and a fifty-two week high of $69.31. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 2.42. The company has a market cap of $3.21 billion, a P/E ratio of 52.42, a P/E/G ratio of 9.14 and a beta of 0.92. The business has a 50-day simple moving average of $61.15 and a 200-day simple moving average of $56.83.

BlackLine (NASDAQ:BL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.29). BlackLine had a net margin of 19.83% and a return on equity of 31.02%. On average, research analysts expect that BlackLine will post 1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CRO Mark Woodhams sold 24,408 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $64.32, for a total value of $1,569,922.56. Following the sale, the executive now owns 72,920 shares in the company, valued at $4,690,214.40. This represents a 25.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.93% of the stock is currently owned by insiders.

BlackLine Company Profile

BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance.