BL - BlackLine: Subsequent Guidance Raise Could Be A Potential Catalyst
2024-02-15 23:55:06 ET
Summary
- BlackLine's recent fourth quarter EPS surged by +97% YoY and came in +25% above the consensus estimate.
- BL's fiscal 2024 guidance implies a high degree of conservatism, which makes it likely that the company will raise its full-year guidance in future quarters.
- I leave my Buy rating for BlackLine unchanged in view of potential surprises relating to FY 2024 financial performance.
Elevator Pitch
BlackLine, Inc. ( BL ) shares are rated as a Buy.
I previously outlined the major growth drivers for BlackLine in my August 7, 2023 write-up . In the current article, the focus is on BL's latest quarterly financial performance and the company's business outlook....
BlackLine: Subsequent Guidance Raise Could Be A Potential Catalyst