Bill Holdings Inc Reports Results For The Quarter Ended In June: Earnings Summary

BILL Holdings

22/08/2024 22:01

* BILL Holdings Inc  BILL.N  reported quarterly adjusted
earnings
of 57 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 59 cents.  The mean expectation of twenty four analysts for
the quarter was for earnings of 46 cents per share. Wall Street
expected results to range from 44 cents to 51 cents per share.
    * Revenue rose 16.1% to $343.67 million from a year ago;
analysts
expected $327.77 million. 
    * BILL Holdings Inc's reported EPS for the quarter was 7
cents​.
    * The company reported quarterly net income of $7.6 million.
    * BILL Holdings Inc shares had fallen by 2.2% this
quarter and
lost 36.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 11
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for BILL Holdings Inc
is $70.00 
This summary was machine generated from LSEG data August 22 at
09:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.46           0.57           Beat
 Mar. 31 2024      0.53           0.60           Beat
 Dec. 31 2023      0.40           0.63           Beat
 Sep. 30 2023      0.50           0.54           Beat