BlackLine (BL) Expected to Announce Quarterly Earnings on Tuesday

BlackLine (NASDAQ:BL - Get Free Report) is expected to release its Q1 2025 earnings data after the market closes on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $167.32 million for the quarter. BlackLine has set its Q1 2025 guidance at 0.360-0.390 EPS and its FY 2025 guidance at 1.970-2.100 EPS.

BlackLine (NASDAQ:BL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.29). BlackLine had a net margin of 24.67% and a return on equity of 21.63%. On average, analysts expect BlackLine to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

BlackLine Price Performance

Shares of BL stock traded down $0.06 on Friday, hitting $47.27. 548,000 shares of the company's stock were exchanged, compared to its average volume of 801,587. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.59 and a quick ratio of 2.69. The stock has a market cap of $2.98 billion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 10.80 and a beta of 0.94. BlackLine has a 12 month low of $40.82 and a 12 month high of $66.25. The company has a 50 day moving average of $47.32 and a 200 day moving average of $55.39.

Insiders Place Their Bets

In other BlackLine news, CRO Mark Woodhams sold 9,088 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $49.67, for a total value of $451,400.96. Following the sale, the executive now directly owns 65,414 shares of the company's stock, valued at approximately $3,249,113.38. This represents a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BL has been the topic of several recent analyst reports. StockNews.com lowered shares of BlackLine from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Bank of America raised shares of BlackLine from an "underperform" rating to a "buy" rating and raised their price objective for the company from $50.00 to $75.00 in a research note on Thursday, January 30th. The Goldman Sachs Group cut their target price on BlackLine from $51.00 to $43.00 and set a "sell" rating on the stock in a research report on Thursday, April 17th. Citigroup lowered their price target on BlackLine from $73.00 to $70.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Finally, Morgan Stanley cut their price objective on shares of BlackLine from $80.00 to $65.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $60.00.

About BlackLine

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.