Bill.com (BILL) Reports Q2: Everything You Need To Know Ahead Of Earnings

Petr Huřťák /
2023/02/01 4:22 am EST
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Payments and billing software maker Bill.com (NYSE:BILL) will be reporting earnings tomorrow after market close. Here's what to expect.

Last quarter Bill.com reported revenues of $229.9 million, up 94.2% year on year, beating analyst revenue expectations by 9.02%. It was a very strong quarter for the company, with exceptional revenue growth and an impressive beat of analyst estimates. The company added 14,200 customers to a total of 172,000.

Is Bill.com buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Bill.com's revenue to grow 55.2% year on year to $243 million, slowing down from the 189% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.14 per share.

Bill.com Total Revenue

The analysts covering the company have been growing increasingly bearish about the business heading into the earnings, with revenue estimates seeing five downward revisions over the last thirty days. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 12.5%.

With Bill.com being the first among its peers to report earnings this season, we don't have anywhere else to look at to get a hint at how this quarter will unravel for software stocks, but there has been positive sentiment among investors in the software segment, with the stocks up on average 14.6% over the last month. Bill.com is up 4.77% during the same time, and is heading into the earnings with analyst price target of $163.80, compared to share price of $114.48.

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The author has no position in any of the stocks mentioned.