BlackLine (NASDAQ:BL) Releases Q1 2025 Earnings Guidance

BlackLine (NASDAQ:BL) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.360-0.390 for the period, compared to the consensus estimate of 0.520. The company issued revenue guidance of $166.0 million-$168.0 million, compared to the consensus revenue estimate of $170.6 million. BlackLine also updated its FY 2025 guidance to 1.970-2.100 EPS.

BlackLine Trading Up 0.1 %

Shares of BlackLine stock opened at $51.98 on Thursday. BlackLine has a 52-week low of $43.37 and a 52-week high of $69.31. The stock has a market cap of $3.25 billion, a PE ratio of 52.92, a PEG ratio of 9.14 and a beta of 0.92. The firm has a 50-day moving average of $61.62 and a 200-day moving average of $56.77. The company has a debt-to-equity ratio of 2.42, a quick ratio of 2.69 and a current ratio of 2.69.

BlackLine (NASDAQ:BL) 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 19.83% and a return on equity of 31.02%. As a group, sell-side analysts forecast that BlackLine will post 1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BL. Morgan Stanley lifted their target price on BlackLine from $70.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. upped their price objective on shares of BlackLine from $47.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Truist Financial cut their target price on shares of BlackLine from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday. BMO Capital Markets dropped their price target on BlackLine from $68.00 to $60.00 and set a “market perform” rating for the company in a research note on Wednesday. Finally, Piper Sandler reduced their target price on shares of BlackLine from $60.00 to $58.00 and set an “underweight” rating on the stock in a report on Wednesday. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $66.40.

Insider Activity

In related news, CRO Mark Woodhams sold 24,408 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $64.32, for a total transaction of $1,569,922.56. Following the completion of the sale, the executive now owns 72,920 shares of the company’s stock, valued at $4,690,214.40. This trade represents a 25.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 9.93% 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.