BlackLine (NASDAQ:BL) Issues Q1 2025 Earnings Guidance

BlackLine (NASDAQ:BL) updated its first quarter 2025 earnings guidance on Tuesday. 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 Down 1.6 %

Shares of NASDAQ:BL traded down $1.01 during trading on Tuesday, reaching $63.40. The stock had a trading volume of 811,426 shares, compared to its average volume of 564,967. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 2.42. The stock has a market cap of $3.96 billion, a P/E ratio of 64.69, a PEG ratio of 9.14 and a beta of 0.92. The business has a fifty day moving average price of $61.84 and a 200-day moving average price of $56.69. BlackLine has a fifty-two week low of $43.37 and a fifty-two week high of $69.31.

BlackLine (NASDAQ:BL) last issued its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate 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, analysts anticipate that BlackLine will post 1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BL has been the subject of several recent analyst reports. JMP Securities restated a “market outperform” rating and issued a $86.00 price target on shares of BlackLine in a report on Wednesday, January 15th. Piper Sandler lowered shares of BlackLine from a “neutral” rating to an “underweight” rating and set a $60.00 price target for the company. in a research report on Monday, January 6th. Citigroup upgraded shares of BlackLine from a “neutral” rating to a “buy” rating and set a $73.00 price target on the stock in a report on Thursday, January 16th. Bank of America upgraded BlackLine from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $75.00 in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. lifted their target price on BlackLine from $47.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Two research 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’s stock. Based on data from MarketBeat, BlackLine presently has a consensus rating of “Hold” and an average price target of $68.10.

Insiders Place Their Bets

In other news, CRO Mark Woodhams sold 24,408 shares of the firm’s stock in a transaction dated 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 directly owns 72,920 shares in the company, valued at $4,690,214.40. This trade represents a 25.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.93% of the stock is currently owned by insiders.

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.