BL Earnings Prediction
The chart below shows how BL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BL sees a +6.80% change in stock price 10 days leading up to the earnings, and a +2.56% change 10 days following the report. On the earnings day itself, the stock moves by -0.89%. This data can give you a slight idea of what to expect for the next quarter's release.
BL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
165.91M
10.09%
3.37%
Gross Margin
75.22%
-0.49%
0.48%
Operating Margin
5.26%
4.37%
169.74%
Net Margin
8.78%
-1.79%
-81.20%
EPS
0.27
58.82%
22.73%
No Data Available
BL Earnings Analysis
BlackLine, Inc. Common Stock Corporation (BL.O) Earnings Conference Call
Positive
Revenue and Subscription Growth: Total revenue grew to $166 million, up 10% with subscription revenue growth of 11% and services revenue growth of 3%.
RPO Growth Drivers: Remaining performance obligations (RPO) was up 12% driven by account growth and longer contract terms from renewing customers.
Recurring Revenue Increase: Current RPO was up 11%, with total annual recurring revenue (ARR) of $638 million up 10%.
Customer Growth Metrics: We achieved 27% growth in customers generating over $1 million and 12% growth in customers above $250,000 in ARR.
Enterprise Segment Renewal Success: Our enterprise segment demonstrated strong performance with a 97% renewal rate consistent with historical levels, and steady improvement versus prior quarters.
Negative
Customer Retention Decline: Operating Highlights: The company reported a decline in customer retention rates, with a drop to 92% from 97% in the previous quarter, indicating potential challenges in maintaining existing customer relationships.
Operating Margin Decline: Financial Results: Non-GAAP operating margin decreased to 23%, reflecting increased costs and operational inefficiencies compared to previous expectations.
Customer Count Stability: Customer Growth: The overall customer count remained stable at 4,433, but the company experienced churn among smaller accounts, which could impact future revenue growth.
Enterprise Segment Strain: Segment Operating Highlights: The enterprise segment showed signs of strain, with a noted decline in engagement from mid-market customers, affecting overall performance metrics.
Operational Cost Challenges: Cost Management: The company faced rising operational costs, leading to a decrease in net income margin to 27%, which could hinder profitability moving forward.
BL FAQs
How does BL typically perform around its earnings report dates?
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BL Earning Call Sentiment
BlackLine, Inc. (BL) Q3 2024 Earnings Call Transcript
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00:00
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BL.O
-0.45%Positive
The earnings call summary and Q&A reflect a positive outlook, with strong financial performance, strategic growth in high-value customers, and promising innovations. Despite some vague responses, the guidance aligns with optimistic growth targets. The market cap suggests moderate stock movement, leading to a positive prediction.
