Financial automation platform BILL (NYSE:BILL) will be reporting results this Thursday afternoon. Here’s what you need to know.
BILL beat analysts’ revenue expectations last quarter, reporting revenues of $414.7 million, up 14.4% year on year. It was an exceptional quarter for the company, with EPS guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.
Is BILL a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting BILL’s revenue to grow 12.6% year on year, improving from the 10.9% increase it recorded in the same quarter last year.
The majority of analysts covering the company have 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.
Looking at BILL’s peers in the finance and hr software segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Flywire delivered year-on-year revenue growth of 42.9%, beating analysts’ expectations by 7.2%, and Workiva reported revenues up 19.9%, topping estimates by 0.9%.
Read our full analysis of Flywire’s results here and Workiva’s results here.
There has been positive sentiment among investors in the finance and hr software segment, with share prices up 12.4% on average over the last month. BILL’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $53.86 (compared to the current share price of $38.20).
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