BlackLine (BL) Q2 Earnings and Revenues Top Estimates

Core Viewpoint - BlackLine reported quarterly earnings of $0.51 per share, exceeding the Zacks Consensus Estimate of $0.50 per share, but down from $0.58 per share a year ago, indicating a +2.00% earnings surprise [1] - The company achieved revenues of $172.03 million for the quarter, surpassing the Zacks Consensus Estimate by 0.73% and showing an increase from $160.51 million year-over-year [2] Financial Performance - Over the last four quarters, BlackLine has surpassed consensus EPS estimates three times and topped revenue estimates four times [2] - The current consensus EPS estimate for the upcoming quarter is $0.55 on revenues of $177.38 million, and for the current fiscal year, it is $2.12 on revenues of $697.95 million [7] Stock Performance - BlackLine shares have declined approximately 12% since the beginning of the year, contrasting with the S&P 500's gain of 7.6% [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, to which BlackLine belongs, is currently ranked in the top 32% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]