BlackLine (BL) stock price increases 33% in 6 months, outperforming sector and industry growth

From Nasdaq: 2024-12-24 11:59:00

BlackLine (BL) shares surged 33% in the last six months, outpacing the Computer & Technology sector’s 6% growth and the Internet – Software industry’s 13.5% return. BL credits its success to financial automation solutions, partnerships, and a growing global client base.

BL expects Q4 2024 revenues between $167M-$169M and non-GAAP earnings of 47-52 cents per share. Full-year 2024 revenues are projected at $651M-$653M with earnings of $2.15-$2.21 per share. The Zacks Consensus Estimate for Q4 revenue is $168.04M and $2.18 per share for 2024.

BlackLine benefits from a strong solutions portfolio, partnerships with industry leaders like SAP, Microsoft, and Amazon, and an expanding client base. The company recently signed a deal with Kroll for record-to-report solutions.

BL is rated a Zacks Rank #2 (Buy) with a Growth Score of B, indicating a strong investment opportunity. BlackLine is poised for growth with its strong portfolio and partnerships, making it a potential long-term success.



Read more at Nasdaq: BL Stock Price Increases 33% in 6 Months: Should Investors Buy It?