BlackLine, Inc. (NASDAQ:BL) is expected to report third quarter earnings results, after market close, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.11 per share.
Looking ahead, the full year income are expected at $ 0.47 per share on the revenues of $ 337.37 million.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.11 ~ $ 0.12 per share, while revenues are expected in a range of $ 84.50 million ~ $ 85.50 million
Full Year 2020 topline are forecasted in a range of$ 335.50 million ~ $ 338.50 million, where as bottomline are predicted in a range of $ 0.45 ~ $ 0.49 per share
Click Here For More Historical Outlooks Of BlackLine, Inc.
Previous Quarter Performance
BlackLine, Inc. reported income for the second quarter of $ 0.20 per share, from the revenue of $ 83.27 million. Wall street analysts are predicting, BL to report 2Q20 income of $ 0.11 per share from revenue of $ 81.00 million. The bottom line results beat street analysts by $ 0.09 or 81.82 percent, at the same time, top line results outshined analysts by $ 2.27 million or 2.80 percent.
Stock Performance
Shares of BlackLine, Inc. traded low $ -2.85 or -3.00 percent on Wednesday, reaching $ 92.17 with volume of 327.80 thousand shares. BlackLine, Inc. has traded high as $ 93.76 and has cracked $ 90.00 on the downward trend
According to the previous trading day, closing price of $ 92.17, representing a 147.96 % increase from the 52 week low of $ 38.32 and a 9.57 % decrease over the 52 week high of $ 105.07.
The company has a market capital of $ 5.24 billion and is part of the Technology sector and Software – Infrastructure industry.
Conference Call
BlackLine, Inc. will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.blackline.com
BlackLine, Inc. provides financial accounting close solutions delivered primarily as Software as a Service in the United States and internationally. Its solutions enable its customers to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, journal entry capabilities, and range of data matching capabilities.
