Analysts Anticipate Blackline Inc (BL) to Announce -$0.01 EPS
Equities analysts expect Blackline Inc (NASDAQ:BL) to announce earnings of ($0.01) per share for the current quarter, Zacks reports. Six analysts have made estimates for Blackline’s earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.02). Blackline reported earnings per share of $0.01 in the same quarter last year, which would suggest a negative year-over-year growth rate of 200%. The business is expected to issue its next quarterly earnings report after the market closes on Thursday, May 2nd.
On average, analysts expect that Blackline will report full-year earnings of $0.15 per share for the current year, with EPS estimates ranging from $0.15 to $0.16. For the next year, analysts anticipate that the firm will post earnings of $0.28 per share, with EPS estimates ranging from $0.24 to $0.35. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Blackline.
Blackline (NASDAQ:BL) last posted its earnings results on Thursday, February 14th. The technology company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.12. The business had revenue of $62.32 million during the quarter, compared to analyst estimates of $61.65 million. Blackline had a negative return on equity of 4.52% and a negative net margin of 12.21%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS.
In related news, insider Mario Spanicciati sold 400,000 shares of Blackline stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $48.16, for a total transaction of $19,264,000.00. Following the transaction, the insider now directly owns 11,812 shares in the company, valued at $568,865.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Therese Tucker sold 500,000 shares of Blackline stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $48.16, for a total value of $24,080,000.00. Following the transaction, the chief executive officer now owns 63,672 shares in the company, valued at $3,066,443.52. The disclosure for this sale can be found here. Insiders own 15.77% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BL. Bronfman E.L. Rothschild L.P. lifted its position in Blackline by 73.1% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,156 shares of the technology company’s stock valued at $47,000 after purchasing an additional 488 shares in the last quarter. Rehmann Capital Advisory Group purchased a new position in Blackline during the third quarter valued at $63,000. Parkside Financial Bank & Trust lifted its position in shares of Blackline by 82.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,528 shares of the technology company’s stock valued at $63,000 after acquiring an additional 691 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Blackline by 86.8% in the fourth quarter. Advisor Group Inc. now owns 2,950 shares of the technology company’s stock valued at $121,000 after acquiring an additional 1,371 shares in the last quarter. Finally, We Are One Seven LLC purchased a new position in shares of Blackline in the fourth quarter valued at about $131,000. Institutional investors own 85.80% of the company’s stock.
Blackline stock opened at $47.60 on Wednesday. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of -183.08 and a beta of 1.02. Blackline has a 12 month low of $34.01 and a 12 month high of $58.11.
BlackLine, Inc provides financial accounting close solutions delivered primarily as Software as a Service in the United States and internationally. Its solutions enable its customers to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, journal entry capabilities, and range of data matching capabilities.
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