BlackLine Third Quarter 2024 Earnings: Beats Expectations

BlackLine (NASDAQ:BL) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$165.9m (up 10% from 3Q 2023).
• Net income: US$17.2m (up 45% from 3Q 2023).
• Profit margin: 10% (up from 7.9% in 3Q 2023).
• EPS: US$0.28 (up from US$0.20 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

BlackLine Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 69%.

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 6.4% from a week ago.

Risk Analysis

Be aware that BlackLine is showing 2 warning signs in our investment analysis and 1 of those is potentially serious...

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