The upcoming report from BILL Holdings (BILL) is expected to reveal quarterly earnings of $0.37 per share, indicating a decline of 38.3% compared to the year-ago period. Analysts forecast revenues of $354.78 million, representing an increase of 9.8% year over year.
Over the last 30 days, there has been an upward revision of 8.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some BILL Holdings metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Revenue- Interest on funds held for customers' reaching $35.26 million. The estimate indicates a change of -15.5% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Subscription and transaction fees' should come in at $320.12 million. The estimate indicates a change of +13.8% from the prior-year quarter.
The consensus estimate for 'Total Payment Volume' stands at $80.34 billion. The estimate is in contrast to the year-ago figure of $71 billion.
Analysts predict that the 'Transactions Processed' will reach 30.79 million. Compared to the present estimate, the company reported 26 million in the same quarter last year.
View all Key Company Metrics for BILL Holdings here>>>
Over the past month, shares of BILL Holdings have returned +12.8% versus the Zacks S&P 500 composite's +11.5% change. Currently, BILL carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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BILL Holdings, Inc. (BILL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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