BL - BlackLine trades lower after issuing FY22 EPS guidance above consensus

Finance and accounting software company BlackLine ( BL ) is trading lower despite beating consensus, after having issued FY22 EPS guidance above consensus.

Q2 Non-GAAP EPS of $0.07 beats by $0.06 and revenue of $128.48M (+25.8% Y/Y) beats by $1.94M.

For FY22, Non-GAAP EPS is now expected to be in the range of $0.25 to $0.27 on 73M diluted weighted average shares outstanding, compared to the previous guidance of between $0.08 and $0.11. The consensus is $0.11.

BL is expecting revenue to fall between $524M and $528M , vs. consensus of $526.25M.

For Q3, non-GAAP EPS is expected to be in the range of $0.08 to $0.10 on 73.2M diluted weighted average shares outstanding.

"Though we haven't seen any material changes to our business or the demand environment thus far, we are taking a pragmatic approach to how we are positioning the business for late 2022," CEO Marc Huffman said .

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