Payments and billing software maker Bill.com (NYSE:BILL) will be reporting results tomorrow after market close. Here’s what to expect.
Bill.com beat analysts’ revenue expectations by 2.8% last quarter, reporting revenues of $358.5 million, up 17.5% year on year. It was a very strong quarter for the company, with EPS guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates.
Is Bill.com a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Bill.com’s revenue to grow 13.4% year on year to $361 million, slowing from the 22.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.47 per share.
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.com has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Bill.com’s peers in the finance and HR software segment, only Dayforce has reported results so far.
Read our full analysis of Dayforce’s earnings results here.There has been positive sentiment among investors in the finance and HR software segment, with share prices up 6.4% on average over the last month. Bill.com is up 14.9% during the same time and is heading into earnings with an average analyst price target of $97.14 (compared to the current share price of $96.25).
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