Overview
BlackLine Q3 revenue grows 7.5%, slightly beating analyst expectations
GAAP net income and EPS decline compared to Q3 2024
Company repurchased 2.1 mln shares for $113 mln
Outlook
BlackLine expects Q4 GAAP revenue between $182 mln and $184 mln
Company forecasts full-year GAAP revenue between $699 mln and $701 mln
BlackLine anticipates Q4 non-GAAP net income of $42 mln to $44 mln
Result Drivers
IMPROVED EXECUTION - CEO Owen Ryan attributes revenue growth to improved execution in processes, technology, and team collaboration
AI-POWERED SOLUTIONS - Launch of AI offerings, including Verity, seen as a growth driver for the Office of the CFO
STUDIO360 PLATFORM - Company cites Studio360 platform as a powerful growth lever
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Slight Beat* | $178.29 mln | $178.09 mln (13 Analysts) |
Q3 EPS | $0.09 | ||
Q3 Net Income | $8.61 mln | ||
Q3 Gross Profit | $133.90 mln | ||
Q3 Operating Expenses | $126.29 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for BlackLine Inc is $63.00, about 9.7% above its November 5 closing price of $56.92
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 24 three months ago
Press Release: ID:nGNXb8TD5F
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)