BlackLine Sees Q3 Adj. EPS $0.49-$0.52 Vs $5.00 Est.; Revenue $162M-$164M Vs $158.205M Est.
Portfolio Pulse from Benzinga Newsdesk
BlackLine has released its Q3 financial guidance, projecting adjusted EPS between $0.49 and $0.52, significantly below the estimated $5.00. However, the company expects revenue to be between $162 million and $164 million, which is above the estimated $158.205 million.
August 06, 2024 | 9:48 pm
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BlackLine's Q3 guidance indicates a significant miss on adjusted EPS, projected at $0.49-$0.52 compared to the $5.00 estimate. However, revenue is expected to exceed estimates, coming in at $162M-$164M versus the $158.205M estimate.
The significant miss on EPS is likely to weigh heavily on investor sentiment, despite the positive revenue outlook. The market typically reacts more strongly to EPS misses, which could lead to a short-term decline in BlackLine's stock price.
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