BlackLine Inc reports results for the quarter ended December 31 - Earnings Summary

• BlackLine Inc BL.OQ reported quarterly adjusted earnings of 47 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 69 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 50 cents per share. Wall Street expected results to range from 48 cents to 52 cents per share.

• Revenue rose 8.8% to $169.46 million from a year ago; analysts expected $168.34 million.

• BlackLine Inc's reported EPS for the quarter was 79 cents​.

• The company reported quarterly net income of $56.42 million.

• BlackLine Inc shares had risen by 6.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.6% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 5 "hold" and 3 "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "hold"

Wall Street's median 12-month price target for BlackLine Inc is $70.50

This summary was machine generated from LSEG data February 11 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)