Blackline Inc reports results for the quarter ended September 30 - Earnings Summary

• Blackline Inc BL.OQ reported quarterly adjusted earnings of 60 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 51 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 52 cents per share. Wall Street expected results to range from 50 cents to 54 cents per share.

• Revenue rose 10.1% to $165.91 million from a year ago; analysts expected $163.10 million.

• Blackline Inc's reported EPS for the quarter was 27 cents​.

• The company reported quarterly net income of $17.24 million.

• Blackline Inc shares had risen by 7.8% this quarter and lost 4.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 7 "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 58.50

This summary was machine generated from LSEG data November 8 at 09:46 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)