BlackLine (NASDAQ:BL) Releases FY 2026 Earnings Guidance

BlackLine (NASDAQ:BL) updated its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.470-2.540 for the period, compared to the consensus earnings per share estimate of 2.200. The company issued revenue guidance of $765.0 million-$769.0 million, compared to the consensus revenue estimate of $766.8 million. BlackLine also updated its Q3 2026 guidance to 0.620-0.650 EPS.

BlackLine Trading Up 1.0%

BL traded up $0.34 during trading on Tuesday, hitting $33.12. 1,366,206 shares of the company’s stock were exchanged, compared to its average volume of 1,236,158. BlackLine has a 1 year low of $24.70 and a 1 year high of $59.57. The firm has a market cap of $1.94 billion, a P/E ratio of 77.02 and a beta of 0.64. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 2.18. The stock has a 50 day moving average price of $28.90 and a 200 day moving average price of $34.28.

BlackLine (NASDAQ:BL) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. BlackLine had a net margin of 3.71% and a return on equity of 18.86%. BlackLine has set its FY 2026 guidance at 2.470-2.540 EPS and its Q3 2026 guidance at 0.620-0.650 EPS. As a group, analysts expect that BlackLine will post 1.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on BL. Truist Financial decreased their target price on shares of BlackLine from $50.00 to $32.00 and set a “hold” rating for the company in a research report on Thursday, May 7th. DA Davidson set a $30.00 price target on shares of BlackLine in a research note on Thursday, July 9th. Piper Sandler increased their price objective on shares of BlackLine from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Citizens Jmp reiterated a “market outperform” rating and set a $70.00 price objective on shares of BlackLine in a research note on Tuesday, April 28th. Finally, Robert W. Baird set a $40.00 target price on BlackLine in a report on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.83.

Insider Activity at BlackLine

In other BlackLine news, Director Mika Yamamoto sold 3,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $28.48, for a total transaction of $85,440.00. Following the completion of the sale, the director directly owned 16,692 shares of the company’s stock, valued at approximately $475,388.16. This represents a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory Hughes sold 1,637 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $30.25, for a total transaction of $49,519.25. Following the completion of the transaction, the director owned 7,755 shares of the company’s stock, valued at approximately $234,588.75. The trade was a 17.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 9.10% of the company’s stock.

Institutional Trading of BlackLine

A number of hedge funds have recently modified their holdings of BL. Measured Wealth Private Client Group LLC purchased a new position in BlackLine during the 3rd quarter valued at about $25,000. Kestra Advisory Services LLC acquired a new stake in shares of BlackLine during the fourth quarter worth approximately $28,000. Strs Ohio acquired a new stake in shares of BlackLine during the first quarter worth approximately $82,000. Osaic Holdings Inc. grew its position in BlackLine by 44.9% during the second quarter. Osaic Holdings Inc. now owns 1,542 shares of the technology company’s stock valued at $87,000 after purchasing an additional 478 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in BlackLine by 130.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,386 shares of the technology company’s stock valued at $132,000 after buying an additional 1,350 shares during the period. Hedge funds and other institutional investors own 95.13% of the company’s stock.

BlackLine Company Profile

BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company’s flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.

Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.