BlackLine (NASDAQ:BL) Updates Q1 2025 Earnings Guidance

BlackLine (NASDAQ:BL) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.360-0.390 for the period, compared to the consensus EPS 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 Stock Down 17.4 %

NASDAQ BL traded down $11.04 on Wednesday, hitting $52.36. The stock had a trading volume of 841,339 shares, compared to its average volume of 559,188. BlackLine has a 52-week low of $43.37 and a 52-week high of $69.31. The business’s fifty day moving average price is $61.84 and its 200 day moving average price is $56.69. The company has a debt-to-equity ratio of 2.42, a current ratio of 2.69 and a quick ratio of 2.69. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 53.41, a price-to-earnings-growth ratio of 9.14 and a beta of 0.92.

BlackLine (NASDAQ:BL) last announced 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%. Equities research analysts anticipate that BlackLine will post 1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BL shares. StockNews.com cut shares of BlackLine from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. upped their target price on shares of BlackLine from $47.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Citigroup raised shares of BlackLine from a “neutral” rating to a “buy” rating and set a $73.00 price objective for the company in a research note on Thursday, January 16th. Truist Financial boosted their price target on shares of BlackLine from $55.00 to $60.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Finally, Morgan Stanley raised their price objective on shares of BlackLine from $70.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, BlackLine has an average rating of “Hold” and an average target price of $67.90.

Insider Activity at BlackLine

In other news, CRO Mark Woodhams sold 24,408 shares of the company’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 transaction, the executive now directly owns 72,920 shares of the company’s stock, valued at approximately $4,690,214.40. This represents a 25.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.93% of the stock is currently owned by company insiders.

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.