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Blackline Inc (BL)
NASDAQ:BL
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.5Last Year’s EPS
$0.69Same Quarter Last Year
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 6.69%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a strong performance in strategic areas such as free cash flow generation, enterprise renewal rates, and strategic product sales. However, challenges in the mid-market segment and a measured demand environment indicate some ongoing pressures. The overall sentiment is cautiously optimistic with clear strengths in key areas but some areas of concern.Company Guidance
During the BlackLine Q3 2024 earnings call, the company provided guidance for the fourth quarter and full year 2024. For Q4, BlackLine expects total GAAP revenue between $167 million and $169 million, representing growth of 7% to 9%, with a non-GAAP operating margin of 18% to 19%. The non-GAAP net income is projected to range from $36 million to $40 million, translating to earnings per share between $0.47 and $0.52, based on approximately 77.1 million diluted weighted average shares. For the full year 2024, BlackLine updated its guidance to project GAAP revenue between $651 million and $653 million, reflecting growth of 10% to 11%, and a non-GAAP operating margin between 19.4% and 19.6%. The full-year non-GAAP net income is anticipated to be in the range of $164 million to $168 million, which equates to $2.58 to $2.21 per share, with a share count of approximately 76.1 million weighted average shares.Record Free Cash Flow Generation
BlackLine delivered a record quarter of free cash flow generation with $49 million in free cash flow, representing a free cash flow margin of 30%.
Strong Enterprise Renewal Rates
The enterprise segment showed a strong renewal rate of 97%, consistent with historical levels, indicating stability in BlackLine's highest value opportunity.
Strategic Product Performance
Strategic products represented 31% of sales, driven by strength in financial reporting and analytics as well as transaction matching, surpassing expectations.
Growth in High-Value Customer Cohorts
There was a 27% growth in customers generating over $1 million ARR and a 12% growth in customers above $250,000 ARR, validating the strategic shift towards higher-value relationships.
Successful SAP Partnership
SAP partnership represented 26% of total revenue, with stronger alignment and collaboration expected to drive future growth.
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BL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $59.45 | $60.37 | +1.55% |
| Aug 06, 2024 | $44.09 | $49.33 | +11.88% |
| May 07, 2024 | $60.43 | $59.51 | -1.52% |
| Feb 13, 2024 | $58.30 | $58.57 | +0.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Blackline Inc (BL) report earnings?
Blackline Inc (BL) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Blackline Inc (BL) earnings time?
Blackline Inc (BL) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BL EPS forecast?
BL EPS forecast for the fiscal quarter 2024 (Q4) is $0.5.
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