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Published 3 months ago

BlackLine: Subsequent Guidance Raise Could Be A Potential Catalyst (NASDAQ:BL)

Summary by Ground News

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.

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BlackLine: Subsequent Guidance Raise Could Be A Potential Catalyst (NASDAQ:BL)

BlackLine's fiscal 2024 guidance implies a high degree of conservatism. Click here to see why BL stock is a Buy.

3 months ago·United States

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