BlackLine (NASDAQ:BL) Releases FY 2026 Earnings Guidance

BlackLine (NASDAQ:BL) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.420-2.530 for the period, compared to the consensus estimate of 2.130. The company issued revenue guidance of $765.0 million-$769.0 million, compared to the consensus revenue estimate of $765.7 million. BlackLine also updated its Q2 2026 guidance to 0.570-0.590 EPS.

BlackLine Stock Down 3.3%

Shares of NASDAQ:BL traded down $1.09 during midday trading on Tuesday, hitting $32.34. The stock had a trading volume of 1,242,178 shares, compared to its average volume of 1,007,752. BlackLine has a 12 month low of $28.78 and a 12 month high of $59.57. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 2.00. The business’s 50-day simple moving average is $34.68 and its 200-day simple moving average is $46.51. The company has a market cap of $1.93 billion, a P/E ratio of 80.85, a PEG ratio of 2.41 and a beta of 0.69.

BlackLine (NASDAQ:BL) last released its earnings results on Tuesday, February 10th. The technology company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. The business had revenue of $183.18 million during the quarter, compared to analysts’ expectations of $182.98 million. During the same period last year, the business earned $0.47 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. On average, sell-side analysts forecast that BlackLine will post 1.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on BL. DA Davidson dropped their price target on BlackLine from $56.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Morgan Stanley decreased their price objective on BlackLine from $68.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $70.00 price objective on shares of BlackLine in a report on Tuesday, April 28th. Robert W. Baird set a $50.00 price objective on BlackLine in a report on Wednesday, February 11th. Finally, Cantor Fitzgerald cut their target price on BlackLine from $58.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $54.18.

Institutional Trading of BlackLine

A number of institutional investors have recently modified their holdings of the stock. Engaged Capital LLC lifted its holdings in shares of BlackLine by 138.8% in the fourth quarter. Engaged Capital LLC now owns 1,083,619 shares of the technology company’s stock worth $59,913,000 after acquiring an additional 629,825 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of BlackLine by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 882,078 shares of the technology company’s stock worth $48,776,000 after acquiring an additional 23,943 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of BlackLine by 5.5% in the third quarter. First Trust Advisors LP now owns 513,891 shares of the technology company’s stock worth $27,288,000 after acquiring an additional 26,699 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of BlackLine by 10.9% in the second quarter. Ameriprise Financial Inc. now owns 482,790 shares of the technology company’s stock worth $27,336,000 after acquiring an additional 47,469 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of BlackLine by 4.2% in the fourth quarter. Barclays PLC now owns 472,010 shares of the technology company’s stock worth $26,097,000 after acquiring an additional 19,153 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.

BlackLine Company Profile

BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company’s flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.

Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.