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 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) last issued its earnings results on Tuesday, February 11th. The technology company reported $0.21 earnings per share 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 Stock Down 0.8 %

Shares of NASDAQ:BL opened at $46.85 on Tuesday. The company has a market capitalization of $2.96 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 10.80 and a beta of 0.97. BlackLine has a 52-week low of $40.82 and a 52-week high of $66.25. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.69 and a current ratio of 2.59. The company has a fifty day moving average of $47.46 and a 200-day moving average of $55.68.

Analysts Set New Price Targets

Several brokerages have recently commented on BL. BMO Capital Markets reduced their target price on BlackLine from $68.00 to $60.00 and set a “market perform” rating for the company in a research note on Wednesday, February 12th. Morgan Stanley dropped their price objective on BlackLine from $80.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Truist Financial decreased their price target on BlackLine from $55.00 to $40.00 and set a “hold” rating for the company in a research report on Monday, April 7th. StockNews.com downgraded shares of BlackLine from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Citigroup dropped their price target on BlackLine from $73.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.00.

Insider Transactions at BlackLine

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

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.