BlackLine (BL) Expected to Announce Quarterly Earnings on Tuesday

BlackLine (NASDAQ:BL) is projected to announce its Q1 2025 earnings results after the market closes on Tuesday, May 6th. Analysts expect BlackLine to post 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) last released its earnings results on Tuesday, February 11th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.29). BlackLine had a return on equity of 21.63% and a net margin of 24.67%. On average, analysts expect BlackLine to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

BlackLine Stock Down 0.1 %

NASDAQ BL opened at $47.27 on Friday. BlackLine has a 12 month low of $40.82 and a 12 month high of $66.25. The company has a current ratio of 2.59, a quick ratio of 2.69 and a debt-to-equity ratio of 2.00. The stock has a market cap of $2.98 billion, a PE ratio of 32.60, a P/E/G ratio of 10.80 and a beta of 0.94. The stock’s 50 day moving average is $47.32 and its 200 day moving average is $55.41.

Wall Street Analysts Forecast Growth

BL has been the subject of a number of research reports. JMP Securities restated a “market outperform” rating and set a $86.00 target price on shares of BlackLine in a research report on Wednesday, January 15th. The Goldman Sachs Group cut their price objective on BlackLine from $51.00 to $43.00 and set a “sell” rating for the company in a research report on Thursday, April 17th. Piper Sandler upgraded BlackLine from an “underweight” rating to a “neutral” rating and decreased their target price for the stock from $58.00 to $46.00 in a research report on Wednesday, April 23rd. Citigroup cut their price target on BlackLine from $73.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Finally, DA Davidson decreased their price objective on BlackLine from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, BlackLine presently has a consensus rating of “Hold” and a consensus price target of $60.00.

Insider Transactions at BlackLine

In other BlackLine news, CRO Mark Woodhams sold 9,088 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $49.67, for a total value of $451,400.96. Following the sale, the executive now owns 65,414 shares in the company, valued at $3,249,113.38. This trade represents a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 8.60% of the company’s stock.

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.