BlackLine (NASDAQ:BL) Updates FY 2026 Earnings Guidance

Key Points

• FY 2026 EPS guidance raised to $2.420–$2.530 (versus consensus $2.130) with revenue guidance of $765.0M–$769.0M and Q2 EPS guidance of $0.570–$0.590.
• BlackLine reported a quarterly miss (EPS $0.23 vs. $0.45 expected) and the stock traded down to $32.34; the company has a market cap of $1.93B and a P/E of about 80.9.
• Analyst sentiment is mixed—consensus rating is Hold with an average target of $54.18—while institutional investors own roughly 95% of the shares.

BlackLine (NASDAQ:BL - Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.420-2.530 for the period, compared to the consensus estimate of 2.130. The company issued revenue guidance of $765.0 million-$769.0 million, compared to the consensus revenue estimate of $765.7 million. BlackLine also updated its Q2 2026 guidance to 0.570-0.590 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports 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. DA Davidson decreased their target price on shares of BlackLine from $56.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 11th. Citigroup dropped their price target on shares of BlackLine from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, February 11th. Weiss Ratings cut shares of BlackLine from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, March 9th. Finally, Wall Street Zen raised BlackLine from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $54.18.

BlackLine Price Performance

Shares of BlackLine stock traded down $1.09 during midday trading on Tuesday, reaching $32.34. The company had a trading volume of 1,242,178 shares, compared to its average volume of 1,204,330. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 2.00. The stock has a fifty day simple moving average of $34.75 and a 200 day simple moving average of $46.64. BlackLine has a 1-year low of $28.78 and a 1-year high of $59.57. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 80.85, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69.

BlackLine (NASDAQ:BL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.22). BlackLine had a net margin of 3.50% and a return on equity of 18.14%. 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 have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in BlackLine during the fourth quarter valued at approximately $210,000. Mercer Global Advisors Inc. ADV acquired a new stake in BlackLine in the fourth quarter worth $216,000. Tudor Investment Corp ET AL bought a new position in shares of BlackLine during the fourth quarter worth $4,051,000. Susquehanna Fundamental Investments LLC boosted its position in shares of BlackLine by 1,966.6% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 112,010 shares of the technology company's stock worth $6,193,000 after purchasing an additional 106,590 shares in the last quarter. Finally, Potrero Capital Research LLC acquired a new position in shares of BlackLine in the 4th quarter valued at $20,488,000. Institutional investors and hedge funds 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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