BILL Holdings Sees Q1 Adj. EPS $0.48-$0.50 vs $0.41 Est., Revenue $295.5M-$298.5M vs $300.22M Est.; Sees FY24 Adj. EPS $1.82-$1.97 vs $1.82 Est.,Revenue $1.289B-$1.307B vs $1.3B Est.
Portfolio Pulse from Benzinga Newsdesk
BILL Holdings has released its Q1 and FY24 earnings estimates. The company expects Q1 adjusted EPS to be between $0.48 and $0.50, compared to the estimated $0.41, and revenue to be between $295.5M and $298.5M, compared to the estimated $300.22M. For FY24, the company expects adjusted EPS to be between $1.82 and $1.97, matching the lower end of the estimate, and revenue to be between $1.289B and $1.307B, close to the estimated $1.3B.
August 17, 2023 | 8:07 pm
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POSITIVE IMPACT
BILL Holdings' Q1 and FY24 earnings estimates are slightly lower than expected. However, the company's EPS for both periods is expected to exceed estimates, which could have a positive impact on the stock.
While BILL Holdings' revenue estimates for Q1 and FY24 are slightly lower than expected, the company's EPS for both periods is expected to exceed estimates. This suggests that the company is effectively managing its costs and could deliver better-than-expected profits, which is generally positive for the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100