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BlackLine(BL) - 2023 Q4 - Earnings Call Transcript
2024-02-14 06:25
BlackLine, Inc. (NASDAQ:BL) Q4 2023 Results Conference Call February 13, 2024 5:00 PM ET Company Participants Matt Humphries - Vice President of Investor Relations Owen Ryan - Co-Chief Executive Officer Therese Tucker - Founder and Co-Chief Executive Officers Mark Partin - Chief Financial Officer Conference Call Participants Rob Oliver - Baird Alexander Sklar - Raymond James Matthew VanVliet - BTIG Dan Jester - BMO Capital Markets Pat Walravens - Citizens JMP Koji Ikeda - Bank of America Pinjalim Bora - JP ...
BlackLine (BL) Reports Q4 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-02-14 01:01
BlackLine (BL) reported $155.73 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 11.3%. EPS of $0.69 for the same period compares to $0.35 a year ago.The reported revenue represents a surprise of +0.96% over the Zacks Consensus Estimate of $154.24 million. With the consensus EPS estimate being $0.55, the EPS surprise was +25.45%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...
BlackLine (BL) Surpasses Q4 Earnings and Revenue Estimates
Zacks Investment Research· 2024-02-13 23:56
BlackLine (BL) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25.45%. A quarter ago, it was expected that this company would post earnings of $0.36 per share when it actually produced earnings of $0.51, delivering a surprise of 41.67%.Over the last four quarters, the company has surp ...
3 Highly Ranked Tech Stocks to Watch as Earnings Approach
Zacks Investment Research· 2024-02-12 21:31
There will be a slew of top-rated stocks reporting earnings this week with several belonging to the Zacks Rank #1 (Strong Buy) list and being attractive tech companies to watch.  Reporting their fourth quarter results on Tuesday, February 13, here are three of these highly-ranked tech stocks that investors will want to keep an eye on.Shopify (SHOP) Market sentiment has been high for Shopify’s potential as a provider of essential internet infrastructure for commerce. To that point, SHOP shares have soared +8 ...
SaaS and Intelligent Automation Industry Veteran Sumit Johar Joins BlackLine as Chief Information Officer
Prnewswire· 2024-02-12 14:01
Digital finance transformation leader expands leadership team, adding former Automation Anywhere CIO to oversee IT and InfoSec, scale internal cloud operations, and lead AI initiativesLOS ANGELES, Feb. 12, 2024 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) announced today that Software-as-a-Service (SaaS) and intelligent automation industry veteran Sumit Johar has joined the company as chief information officer (CIO), effective Feb. 12th. Reporting to Co-CEO Therese Tucker, Johar will oversee Information Tec ...
BlackLine Announces Date for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
Newsfilter· 2024-01-30 21:15
LOS ANGELES, Jan. 30, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (NASDAQ:BL) announced today that it will release financial results for the fourth quarter and full year ended December 31, 2023 after market close on Tuesday, February 13, 2024 followed by a conference call hosted by management at 2:00 p.m. PT / 5:00 p.m. ET. A live webcast and replay will be accessible on BlackLine's investor relations website at https://investors.blackline.com/. To access the conference call by phone, please register here, and ...
Nearly 40% of CFOs Do Not Completely Trust Their Organization's Financial Data, According to BlackLine Survey
Prnewswire· 2024-01-30 14:01
Year-on-year data also shows that confidence in cash flow visibility remains at a staggering low, with just 2% of C-suite and finance and accounting leaders expressing complete confidence Errors due to manual processing of critical finance and accounting activities identified as key issue negatively impacting trust; as a result, majority automating via AI and other emerging tech LOS ANGELES and LONDON and SYDNEY and SINGAPORE, Jan. 30, 2024 /PRNewswire/ -- New research shows that nearly 40% of CFOs around ...
BlackLine Co-CEO Therese Tucker Takes No. 1 Spot on The Software Report's 2023 Top Women Leaders in SaaS List
Prnewswire· 2024-01-24 14:01
Honor comes on the heels of the digital finance transformation leader ranking No. 5 globally on The Software Report's latest list of the top 100 software companiesLOS ANGELES, Jan. 24, 2024 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) Co-CEO Therese Tucker has been named 2023's No. 1 'Top Woman Leader in SaaS' by The Software Report, a leading source for market research and insights related to the software and SaaS (software-as-a-service) sectors. Therese Tucker, co-CEO of digital finance transformation ...
BlackLine (BL) Upgraded to Strong Buy: Here's What You Should Know
Zacks Investment Research· 2024-01-04 18:32
BlackLine (BL) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The po ...
New Strong Buy Stocks for January 4th
Zacks Investment Research· 2024-01-04 13:17
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:ImmunoGen, Inc. (IMGN) : This commercial-stage biotechnology company has seen the Zacks Consensus Estimate for its current year earnings increasing 250% over the last 60 days.GitLab Inc. (GTLB) : This software development company has seen the Zacks Consensus Estimate for its current year earnings increasing 285.71% over the last 60 days.Finward Bancorp (FNWD) : This holding company for Peoples Bank has seen the Zacks Consensus Estimate ...