Stock Story -
Payments and billing software maker Bill.com (NYSE:BILL) will be reporting earnings tomorrow after market close. Here’s what to look for.
Bill.com beat analysts’ revenue expectations by 5.6% last quarter, reporting revenues of $323 million, up 18.5% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ billings estimates and optimistic revenue guidance for the next quarter.
Is Bill.com a buy or sell going into earnings? Find out by reading the original article on StockStory, it’s free.
This quarter, analysts are expecting Bill.com’s revenue to grow 10.8% year on year to $328 million, slowing from the 47.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.47 per share.
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.com has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 6.8% on average.
Looking at Bill.com’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. BlackLine delivered year-on-year revenue growth of 11%, beating analysts’ expectations by 1.4%, and Marqeta (NASDAQ:MQ) reported a revenue decline of 45.8%, topping estimates by 3.1%. BlackLine traded up 11.8% following the results while Marqeta was also up 8.6%.
Read the full analysis of BlackLine’s and Marqeta’s results on StockStory.
Growth stocks have been quite volatile since the start of 2024, and while some of the finance and HR software stocks have fared somewhat better, they have not been spared, with share prices down 2.2% on average over the last month. Bill.com is down 6.1% during the same time and is heading into earnings with an average analyst price target of $72.7 (compared to the current share price of $50.53).
