These Analysts Slash Their Forecasts On BlackLine Following Q4 Results

Core Viewpoint - BlackLine Inc reported strong earnings for the fourth quarter but provided a weak earnings forecast for the first quarter [1][2]. Group 1: Earnings Performance - The company posted quarterly earnings of 63 cents per share, exceeding the analyst consensus estimate of 59 cents per share [1]. - Quarterly sales reached $183.181 million, surpassing the analyst consensus estimate of $182.976 million [1]. Group 2: First Quarter Forecast - BlackLine expects first-quarter adjusted EPS to be between 44 cents and 46 cents, lower than market estimates of 55 cents [2]. - The company anticipates sales in the range of $180 million to $182 million, compared to the analyst estimate of $181.418 million [2]. Group 3: Stock Performance and Analyst Reactions - Following the earnings announcement, BlackLine shares fell by 5.4%, trading at $41.95 [2]. - Analysts adjusted their price targets for BlackLine, with Cantor Fitzgerald lowering it from $58 to $50, Citigroup from $70 to $60, and DA Davidson from $56 to $45 [3].