What To Expect From BlackLine’s (BL) Q4 Earnings

BL Cover Image

Accounting automation software maker Blackline (NASDAQ: BL) will be reporting earnings tomorrow after market hours. Hereโ€™s what to look for.

BlackLine beat analystsโ€™ revenue expectations by 1.7% last quarter, reporting revenues of $165.9 million, up 10.1% year on year. It was a mixed quarter for the company, with a solid beat of analystsโ€™ EBITDA estimates but decelerating customer growth. It lost 2 customers and ended up with a total of 4,433.

Is BlackLine a buy or sell going into earnings? Read our full analysis here, itโ€™s free.

This quarter, analysts are expecting BlackLineโ€™s revenue to grow 8.1% year on year to $168.4 million, slowing from the 11.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.50 per share.

BlackLine Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. BlackLine has missed Wall Streetโ€™s revenue estimates three times over the last two years.

Looking at BlackLineโ€™s peers in the finance and HR software segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Bill.com delivered year-on-year revenue growth of 13.9%, meeting analystsโ€™ expectations, and Paycor reported revenues up 13.1%, topping estimates by 1.9%. Bill.com traded down 35.6% following the results while Paycorโ€™s stock price was unchanged.

Read our full analysis of Bill.comโ€™s results here and Paycorโ€™s results here.

There has been positive sentiment among investors in the finance and HR software segment, with share prices up 10.6% on average over the last month. BlackLine is up 16.2% during the same time and is heading into earnings with an average analyst price target of $68.20 (compared to the current share price of $65.58).

Todayโ€™s young investors wonโ€™t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

Recent Quotes

View More
Symbol Price Change (%)
AMZN  227.43
-2.10 (-0.91%)
AAPL  277.44
-1.34 (-0.48%)
AMD  222.79
+4.82 (2.21%)
BAC  53.83
-0.12 (-0.22%)
GOOG  313.19
-8.90 (-2.76%)
META  668.57
-4.85 (-0.72%)
MSFT  491.41
+8.25 (1.71%)
NVDA  187.00
+4.59 (2.52%)
ORCL  220.52
+2.94 (1.35%)
TSLA  437.97
-17.03 (-3.74%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.

Gift this article