BILL Cuts FY24 Total Revenue Outlook From $1.288B-$1.306B To $1.205B-$1.245B, Revises Adj EPS Forecast From $1.82-$1.97 To $1.64-$1.97
Portfolio Pulse from Benzinga Newsdesk
BILL has revised its FY24 total revenue outlook downwards from $1.288B-$1.306B to $1.205B-$1.245B. The company also adjusted its EPS forecast from $1.82-$1.97 to $1.64-$1.97.
November 02, 2023 | 8:48 pm
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BILL has lowered its FY24 revenue and EPS forecasts, which could negatively impact investor sentiment and the stock's price in the short term.
Companies often see their stock prices fall when they lower their revenue and earnings forecasts, as this can indicate potential future performance issues. In this case, BILL's downward revision of its FY24 revenue and EPS forecasts could lead to a decrease in investor confidence and a potential drop in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100