Blackline Inc. (BL) Tops Q3 EPS by 14c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus

October 29, 2020 5:28 PM

Blackline Inc. (NASDAQ: BL) reported Q3 EPS of $0.25, $0.14 better than the analyst estimate of $0.11. Revenue for the quarter came in at $90.53 million versus the consensus estimate of $85.06 million.

Third Quarter 2020 Financial Highlights

Therese Tucker, Founder and CEO, commented, “BlackLine delivered strong third quarter results as the demand environment continued to steadily improve. The momentum we are experiencing is validation that finance transformation is mission critical and climbing to the top of the CFO’s priority list. With our recent acquisition of Rimilia, a leader in accounts receivable automation solutions, BlackLine has expanded its core customer capabilities and total addressable market. We believe there is a very large, untapped opportunity to help companies struggling with manual and unsustainable accounting processes. We remain confident these market dynamics will continue to favor our value proposition.”

GUIDANCE:

Blackline Inc. sees Q4 2020 EPS of $0.06-$0.08, versus the consensus of $0.06. Blackline Inc. sees Q4 2020 revenue of $91-92 million, versus the consensus of $86.41 million.

Blackline Inc. sees FY2020 EPS of $0.61-$0.63, versus the consensus of $0.47. Blackline Inc. sees FY2020 revenue of $347.4-348.4 million, versus the consensus of $337.37 million.

Fourth Quarter 2020

Full Year 2020

For earnings history and earnings-related data on Blackline Inc. (BL) click here.

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