Financial automation platform BILL (NYSE: BILL) will be announcing earnings results this Thursday after market close. Here’s what to look for.
BILL beat analysts’ revenue expectations last quarter, reporting revenues of $436.2 million, up 13.8% year on year. It was a satisfactory quarter for the company, with EPS guidance for next quarter exceeding analysts’ expectations but full-year revenue guidance slightly missing analysts’ expectations. It lost -14,500 customers and ended up with a total of 479,300.
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 10.9% year on year, in line with the 10.4% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will 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 Q3 results, giving us a hint as to what we can expect. Flywire delivered year-on-year revenue growth of 26%, beating analysts’ expectations by 5%, and Asure Software reported revenues up 10.4%, topping estimates by 2.4%. Asure Software traded up 27.7% following the results.
Read our full analysis of Flywire’s results here and Asure Software’s results here.
There has been positive sentiment among investors in the finance and hr software segment, with share prices up 3.5% on average over the last month. BILL is up 11.3% during the same time and is heading into earnings with an average analyst price target of $57.05 (compared to the current share price of $49.50).
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