BILL (BILL) To Report Earnings Tomorrow: Here Is What To Expect

BILL Cover Image

Financial automation platform BILL (NYSE: BILL) will be reporting earnings this Thursday afternoon. Here’s what you need to know.

BILL beat analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $395.7 million, up 10.4% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and full-year EPS guidance beating analysts’ expectations. It added 4,300 customers to reach a total of 498,100.

Is BILL a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting BILL’s revenue to grow 10.3% year on year to $400.1 million, slowing from the 13.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.56 per share.

BILL Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. BILL has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 3% on average.

With BILL being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for finance and hr software stocks. However, the whole sector has been hit hard over the last month as stocks in BILL’s peer group are down 17.8% on average. BILL is down 29.3% during the same time and is heading into earnings with an average analyst price target of $61.14 (compared to the current share price of $37.49).

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