BILL Raises FY24 Total Revenue Outlook From $1.205B-$1.245B To $1.226B-$1.251B (Est $1.227B), Adj EPS From $1.64-$1.97 To $2.09-$2.31 (Est $1.86)
Portfolio Pulse from Benzinga Newsdesk
BILL has increased its FY24 total revenue forecast to $1.226B-$1.251B from the previous range of $1.205B-$1.245B, surpassing the estimated $1.227B. Additionally, the adjusted EPS outlook has been raised from $1.64-$1.97 to $2.09-$2.31, exceeding the estimated $1.86.
February 08, 2024 | 9:53 pm
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POSITIVE IMPACT
BILL has revised its FY24 revenue and adjusted EPS forecasts upwards, indicating stronger than expected financial performance.
The upward revision in both revenue and EPS forecasts for FY24 suggests that BILL is experiencing stronger financial health and growth than previously anticipated. This positive adjustment is likely to instill confidence among investors, potentially leading to an increase in stock price in the short term. The surpassing of analysts' estimates further reinforces the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100