NASDAQ:BL: a strong growth stock preparing for the next leg up?.

Exploring Growth Potential: BLACKLINE INC (NASDAQ:BL) and Its Base Formation. Growth investors seek promising revenue and EPS growth, and BLACKLINE INC has come under our scrutiny for potential growth investing. While it's crucial to do your own research, we've detected BLACKLINE INC on our screen for growth with base formation, suggesting it merits a closer look.

Growth Assessment of NASDAQ:BL

To evaluate a stock's growth potential, ChartMill utilizes a Growth Rating on a scale of 0 to 10. This comprehensive assessment considers various growth aspects, including historical and estimated EPS and revenue growth. NASDAQ:BL has achieved a 8 out of 10:

• BL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 49.69%, which is quite impressive.
• BL shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 74.65% yearly.
• The Revenue has grown by 11.37% in the past year. This is quite good.
• The Revenue has been growing by 20.96% on average over the past years. This is a very strong growth!
• BL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.60% yearly.
• BL is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.70% yearly.

A Closer Look at Health for NASDAQ:BL

A critical element of ChartMill's stock evaluation is the Health Rating, which spans from 0 to 10. This rating considers multiple health factors, including liquidity and solvency, both in absolute terms and relative to industry peers. NASDAQ:BL has received a 5 out of 10:

• A Current Ratio of 2.69 indicates that BL has no problem at all paying its short term obligations.
• BL has a Current ratio of 2.69. This is in the better half of the industry: BL outperforms 72.66% of its industry peers.
• BL has a Quick Ratio of 2.69. This indicates that BL is financially healthy and has no problem in meeting its short term obligations.
• The Quick ratio of BL (2.69) is better than 73.02% of its industry peers.

Profitability Examination for NASDAQ:BL

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NASDAQ:BL has achieved a 6:

• With an excellent Return On Assets value of 7.48%, BL belongs to the best of the industry, outperforming 81.65% of the companies in the same industry.
• BL has a better Return On Equity (34.47%) than 92.45% of its industry peers.
• With a decent Return On Invested Capital value of 1.68%, BL is doing good in the industry, outperforming 66.55% of the companies in the same industry.
• BL has a Profit Margin of 19.83%. This is amongst the best in the industry. BL outperforms 87.05% of its industry peers.
• BL has a Operating Margin of 4.38%. This is in the better half of the industry: BL outperforms 69.78% of its industry peers.
• BL has a Gross Margin of 75.27%. This is in the better half of the industry: BL outperforms 67.63% of its industry peers.

How does the Setup look for NASDAQ:BL

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NASDAQ:BL currently holds a 7 as its setup rating, suggesting a particular level of consolidation in the stock.

BL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.

More Strong Growth stocks can be found in our Strong Growth screener.

Check the latest full fundamental report of BL for a complete fundamental analysis.

Our latest full technical report of BL contains the most current technical analsysis.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.