Market Overview

Blackline Delivers Q4 That Was Solid By Any Measure

Confidence In Blackline Grows As Total Addressable Market Seen Approaching $20 Billion
The Week Ahead For November 13: Conferences, Earnings and IPO Events To Watch

Bhavan Suri of William Blair reiterated his Outperform rating on Blackline Inc (NASDAQ: BL) after the company reported above consensus fourth quarter results.

Following is a gist of Blackline’s results:

  • BlackLine Reports Q4 Adj. EPS $(0.08) vs $(0.12) Est., Sales $35.3M vs $34.13M Est.
  • BlackLine Sees Q1 Adj. EPS $(0.10)-$(0.08) vs $(0.13) Est., Sales $36.8M-$37.8M vs $35.5M Est.
  • BlackLine Sees FY17 Adj. EPS $(0.35)-$(0.31) vs $(0.42) Est., Sales $166.5M-$169.5M vs $160.8M Est.

Related Link: Blackline's Long-Term Growth Prospects Are Above Average

Suri says the results shows healthy underlying business momentum as Blackline delivered upside of $1.3 million on subscription revenue, $1.8 million on total revenue, and $1.8 million on net income. In addition, calculated billings rose 62 percent to $48.9 million.

The financial software company also guided first quarter and fiscal 2017 above Street.

“All in, we believe BlackLine posted a strong quarter,” Suri wrote in a note.

Shares of Blackline closed Thursday’s trading at $29.30.

Latest Ratings for BL

Nov 2017KeyBancMaintainsOverweight
Nov 2017JMP SecuritiesUpgradesMarket PerformMarket Outperform
Jun 2017SunTrust Robinson HumphreyInitiates Coverage OnBuy

View More Analyst Ratings for BL
View the Latest Analyst Ratings

Posted-In: Bhavan SuriAnalyst Color Earnings News Guidance Price Target Reiteration Analyst Ratings


Related Articles (BL)

View Comments and Join the Discussion!

Partner Center