NASDAQ:BL—A High-Growth Stock Gearing Up for Its Next Upward Move.

Growth investors are on the lookout for stocks displaying robust revenue and EPS growth. In this analysis, we'll assess whether BLACKLINE INC (NASDAQ:BL) aligns with growth investing criteria, especially as it consolidates and signals a possible breakout. As always, investors should conduct their own research, but BLACKLINE INC has surfaced on our radar for growth with base formation, warranting further examination.

How We Gauge Growth for NASDAQ:BL

ChartMill assigns a Growth Rating to every stock. This score ranges from 0 to 10 and evaluates the different growth aspects like EPS and Revenue, both in the past as in the future. NASDAQ:BL scores a 8 out of 10:

• The Earnings Per Share has grown by an impressive 49.69% over the past year.
• BL shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 74.65% yearly.
• BL shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.37%.
• BL shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.96% yearly.
• Based on estimates for the next years, BL will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.60% on average per year.
• The Revenue is expected to grow by 8.95% on average over the next years. This is quite good.

How We Gauge Health for NASDAQ:BL

Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NASDAQ:BL has achieved 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's Current ratio of 2.69 is fine compared to the rest of the industry. BL outperforms 72.89% of its industry peers.
• A Quick Ratio of 2.69 indicates that BL has no problem at all paying its short term obligations.
• Looking at the Quick ratio, with a value of 2.69, BL is in the better half of the industry, outperforming 73.26% of the companies in the same industry.

What does the Profitability looks like for NASDAQ:BL

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NASDAQ:BL, the assigned 6 is a significant indicator of profitability:

• With an excellent Return On Assets value of 7.48%, BL belongs to the best of the industry, outperforming 81.32% of the companies in the same industry.
• With an excellent Return On Equity value of 34.47%, BL belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
• The Return On Invested Capital of BL (1.68%) is better than 65.93% of its industry peers.
• BL has a Profit Margin of 19.83%. This is amongst the best in the industry. BL outperforms 86.81% of its industry peers.
• The Operating Margin of BL (4.38%) is better than 69.23% of its industry peers.
• The Gross Margin of BL (75.27%) is better than 67.03% of its industry peers.

How do we evaluate the setup for NASDAQ:BL?

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NASDAQ:BL has a 8 as its setup rating:

BL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 60.75, a Stop Loss order could be placed below this zone.

Our Strong Growth screener lists more Strong Growth stocks and is updated daily.

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

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

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.