What To Expect From Bill.com’s (BILL) Q2 Earnings

Petr Huřťák /
2024/02/07 2:00 am EST

Payments and billing software maker Bill.com (NYSE:BILL) will be announcing earnings results tomorrow after the bell. Here's what to look for.

Last quarter Bill.com reported revenues of $305 million, up 32.6% year on year, beating analyst revenue expectations by 2.1%. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations.

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 14.7% year on year to $298.3 million, slowing down from the 66.2% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.40 per share.

Bill.com Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. 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 8.4%.

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 finance and hr software stocks, but there has been positive sentiment among investors in the segment, with the stocks up on average 4.1% over the last month. Bill.com is flat during the same time, and is heading into the earnings with analyst price target of $85.4, compared to share price of $76.8.

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