BlackLine (BL) Lags Q4 Earnings Estimates

Core Viewpoint - BlackLine reported quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of$0.50 per share, and down from $0.69 per share a year ago, indicating a -6$169.46 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.84% and up from $155.73 million year-over-year [2] Financial Performance - BlackLine has surpassed consensus EPS estimates three times over the last four quarters [2] - The company has topped consensus revenue estimates four times over the last four quarters [2] - The current consensus EPS estimate for the coming quarter is$0.53 on revenues of $170.82 million, and for the current fiscal year, it is$2.27 on revenues of $711.22 million [7] Stock Performance - BlackLine shares have increased approximately 6% since the beginning of the year, outperforming the S&P 500's gain of 3.1% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Outlook - The Internet - Software industry is currently in the top 30% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]