BlackLine Sees FY24 Adj EPS $2.08-$2.21 Vs $2.18 Est.; Revenue $647M-$651M Vs $646.072M Est.
Portfolio Pulse from Benzinga Newsdesk
BlackLine has provided its financial guidance for FY24, projecting adjusted EPS between $2.08 and $2.21, compared to the estimated $2.18. The company also expects revenue to be in the range of $647 million to $651 million, slightly above the estimated $646.072 million.
August 06, 2024 | 9:48 pm
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BlackLine's FY24 guidance shows a slight beat on revenue estimates and a range for adjusted EPS that includes the consensus estimate. This indicates stable financial performance.
BlackLine's revenue guidance slightly exceeds estimates, and the EPS range includes the consensus estimate, suggesting stable performance. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100