Financial automation platform BILL (NYSE: BILL) will be reporting results this Wednesday after market close. Here’s what you need to know.
BILL beat analysts’ revenue expectations last quarter, reporting revenues of $406.6 million, up 13.5% year on year. It was a very strong quarter for the company, with EPS guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ adjusted operating income 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 12.3% year on year, in line with the 11.5% 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 Q2 results, giving us a hint as to what we can expect. Paycom delivered year-on-year revenue growth of 9.8%, beating analysts’ expectations by 3.5%, and American Express Global Business Travel reported revenues up 37.9%, topping estimates by 3.7%. Paycom traded up 23.6% following the results while American Express Global Business Travel’s stock price was unchanged.
Read our full analysis of Paycom’s results here and American Express Global Business Travel’s results here.
There has been positive sentiment among investors in the finance and hr software segment, with share prices up 11.3% on average over the last month. BILL is up 7.1% during the same time and is heading into earnings with an average analyst price target of $54.57 (compared to the current share price of $48.39).
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