Bill.com Sees Q4 Adj. EPS $0.41-$0.49 vs $0.54 Est., Total Revenue $320M-$330M vs $314.7M Est.; Sees FY24 Adj. EPS $1.96-$2.03 vs $2.23 Est., Total Revenue $1.267B-$1.277B vs $1.24B Est.
Portfolio Pulse from Benzinga Newsdesk
Bill.com forecasts Q4 adjusted EPS of $0.41-$0.49, below the $0.54 estimate, and total revenue of $320M-$330M, above the $314.7M estimate. For FY24, it projects adjusted EPS of $1.96-$2.03, below the $2.23 estimate, and total revenue of $1.267B-$1.277B, above the $1.24B estimate.
May 02, 2024 | 8:09 pm
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NEUTRAL IMPACT
Bill.com forecasts lower-than-expected Q4 and FY24 adjusted EPS but higher total revenue, indicating mixed financial health.
The lower-than-expected EPS forecasts for both Q4 and FY24 could concern investors about profitability, potentially putting downward pressure on the stock. However, the higher revenue forecasts suggest growing business volume, which could offset concerns about profitability and support the stock price. The mixed nature of this forecast makes the short-term impact on the stock price uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100