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 earnings per share guidance of 0.360-0.390 for the period, compared to the consensus earnings per share 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 %

BL traded down $1.01 on Tuesday, hitting $63.40. The company had a trading volume of 811,426 shares, compared to its average volume of 564,967. The company’s fifty day moving average price is $61.84 and its 200 day moving average price is $56.69. BlackLine has a 1 year low of $43.37 and a 1 year high of $69.31. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 2.42. The firm 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.

BlackLine (NASDAQ:BL) last issued its quarterly earnings data 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 19.83% and a return on equity of 31.02%. As a group, equities analysts expect that BlackLine will post 1 earnings per share for the current year.

Wall Street Analyst Weigh In

BL has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price 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 increased their price objective on BlackLine from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. JMP Securities reissued a “market outperform” rating and issued a $86.00 target price on shares of BlackLine in a report on Wednesday, January 15th. Piper Sandler cut BlackLine from a “neutral” rating to an “underweight” rating and set a $60.00 price target for the company. in a research note on Monday, January 6th. Finally, Bank of America upgraded shares of BlackLine from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $50.00 to $75.00 in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $68.10.

Insider Activity at BlackLine

In other BlackLine news, CRO Mark Woodhams sold 24,408 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were 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 in the company, valued at approximately $4,690,214.40. This trade 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. Company insiders own 9.93% 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.