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

• BlackLine Inc BL.OQ reported quarterly adjusted earnings of 49 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 37 cents to 42 cents per share.

• Revenue rose 6% to $166.93 million from a year ago; analysts expected $166.72 million.

• BlackLine Inc's reported EPS for the quarter was 10 cents​.

• The company reported quarterly net income of $6.06 million.

• BlackLine Inc shares had fallen by 2.6% this quarter and lost 22.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 26.2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 5 "hold" and 2 "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 $56.50

This summary was machine generated from LSEG data May 6 at 10:21 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)