BlackLine Sees Q1 2024 Adj. EPS $0.45-$0.48 Vs $0.47 Est.; Revenue $154M-$156M Vs $155.472M Est.
Portfolio Pulse from Benzinga Newsdesk
BlackLine projects its Q1 2024 adjusted EPS to be between $0.45 and $0.48, compared to the estimated $0.47. The company anticipates revenue to range from $154 million to $156 million, against an estimate of $155.472 million.
February 13, 2024 | 9:20 pm
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BlackLine anticipates its Q1 2024 adjusted EPS to be in the range of $0.45 to $0.48, closely matching the analyst estimate of $0.47. Revenue is expected to be between $154 million and $156 million, slightly below the $155.472 million estimate.
BlackLine's guidance for Q1 2024 shows its adjusted EPS and revenue projections are closely aligned with analyst estimates, indicating a stable financial outlook. The slight variance in revenue expectation might not significantly impact investor sentiment as it falls within a narrow range. Given the close alignment with estimates, the short-term impact on BL's stock price is likely to be neutral, as the guidance neither significantly exceeds nor falls short of market expectations.
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