Blackline Safety Corp. (CVE:BLN) Forecasted to Earn Q3 2023 Earnings of ($0.07) Per Share

Blackline Safety Corp. (CVE:BLN) – Stock analysts at Raymond James reduced their Q3 2023 earnings per share (EPS) estimates for shares of Blackline Safety in a research report issued on Monday, September 11th. Raymond James analyst F. Bastien now forecasts that the company will post earnings of ($0.07) per share for the quarter, down from their previous forecast of ($0.06). The consensus estimate for Blackline Safety’s current full-year earnings is ($0.05) per share. Raymond James also issued estimates for Blackline Safety’s Q4 2023 earnings at ($0.02) EPS, FY2023 earnings at ($0.30) EPS, Q3 2024 earnings at ($0.01) EPS and FY2024 earnings at ($0.10) EPS.

Separately, ATB Capital boosted their price objective on shares of Blackline Safety from C$4.00 to C$4.50 in a report on Thursday, June 15th.

Blackline Safety Price Performance

BLN stock traded down C$0.03 during mid-day trading on Wednesday, reaching C$8.92. The company’s stock had a trading volume of 15,300 shares, compared to its average volume of 23,527. Blackline Safety has a fifty-two week low of C$4.60 and a fifty-two week high of C$9.09. The company has a current ratio of 3.72, a quick ratio of 3.09 and a debt-to-equity ratio of 2.72. The stock has a market cap of C$484.79 million and a PE ratio of -42.88. The company’s 50 day moving average is C$8.92 and its two-hundred day moving average is C$8.92.

Blackline Safety (CVE:BLN) last announced its earnings results on Wednesday, June 14th. The company reported C($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of C($0.09). The business had revenue of C$24.10 million for the quarter, compared to analyst estimates of C$22.85 million.

Blackline Safety Company Profile

Blackline Safety Corp., a global connected safety technology company, develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, Australia, New Zealand, and internationally. The company offers connected safety devices, including G7c, a safety wearable for indoor and outdoor locations covered by 3G wireless; G7x, a safety wearable for remote locations; G7 EXO, a cloud connected area monitor; G7 Dock, an accessory product used to calibrate G7c and G7x devices; standard cartridge for lone worker monitoring; diffusion cartridge for gas detection; pump cartridge for confined space entry and leak check gas detection services; and cloud-connected sensors that helps to customize gas detectors at work environments, as well as automated industrial contact tracing solutions.