BlackLine (NASDAQ:BL) Releases Q2 2026 Earnings Guidance

Key Points

• Q2 2026 guidance: BlackLine set Q2 EPS of $0.570–$0.590 (consensus $0.520) and revenue of $186.0M–$188.0M (consensus $187.6M), and updated FY2026 EPS guidance to $2.420–$2.530.
• Despite the guidance, the company just reported a quarterly EPS miss (reported $0.23 vs. $0.45 expected) and the stock traded down about 3.3% to $32.34, well below the consensus target of $54.18.

BlackLine (NASDAQ:BL - Get Free Report) updated its second quarter 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.570-0.590 for the period, compared to the consensus earnings per share estimate of 0.520. The company issued revenue guidance of $186.0 million-$188.0 million, compared to the consensus revenue estimate of $187.6 million. BlackLine also updated its FY 2026 guidance to 2.420-2.530 EPS.

Analyst Ratings Changes

A number of research analysts have commented on BL shares. Citizens Jmp reaffirmed a "market outperform" rating and issued a $70.00 target price on shares of BlackLine in a research report on Tuesday, April 28th. Cantor Fitzgerald decreased their price objective on shares of BlackLine from $58.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, February 11th. Morgan Stanley dropped their target price on shares of BlackLine from $68.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, April 30th. Piper Sandler cut their target price on BlackLine from $50.00 to $35.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 14th. Finally, Wall Street Zen upgraded BlackLine from a "hold" rating to a "buy" rating in a research note on Saturday, March 7th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $54.18.

BlackLine Trading Down 3.3%

NASDAQ BL traded down $1.09 during trading on Tuesday, hitting $32.34. The stock had a trading volume of 1,242,178 shares, compared to its average volume of 1,204,330. The company has a market capitalization of $1.93 billion, a PE ratio of 80.85, a PEG ratio of 2.45 and a beta of 0.69. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 2.00. The firm has a 50 day moving average price of $34.75 and a 200 day moving average price of $46.64. BlackLine has a twelve month low of $28.78 and a twelve month high of $59.57.

BlackLine (NASDAQ:BL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.22). BlackLine had a return on equity of 18.14% and a net margin of 3.50%.BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. As a group, equities research analysts forecast that BlackLine will post 1.01 earnings per share for the current year.

Hedge Funds Weigh In On BlackLine

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BL. Measured Wealth Private Client Group LLC acquired a new position in shares of BlackLine in the third quarter worth $25,000. Kestra Advisory Services LLC acquired a new stake in shares of BlackLine in the fourth quarter valued at $28,000. Strs Ohio purchased a new position in BlackLine in the first quarter valued at $82,000. Osaic Holdings Inc. grew its stake in BlackLine by 44.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,542 shares of the technology company's stock worth $87,000 after purchasing an additional 478 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in BlackLine by 130.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,386 shares of the technology company's stock worth $132,000 after purchasing an additional 1,350 shares in the last quarter. Hedge funds and other institutional investors own 95.13% of the company's stock.

BlackLine Company Profile

BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company's flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.

Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.

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