Back to top

Image: Bigstock

Why Bill.com (BILL) Could Be Positioned for a Surge

Read MoreHide Full Article

Bill.com Holdings, Inc. (BILL - Free Report) is a leading provider of cloud-based software that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on BILL’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Bill.com could be a solid choice for investors.

Current Quarter Estimates for BILL

In the past 30 days, three estimates have gone higher for Bill.com while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 12 cents a share 30 days ago, to a loss of 10 cents today, a move of 16.7%.

Current Year Estimates for BILL

Meanwhile, Bill.com’s current year figures are also looking quite promising, with four estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 37 cents per share 30 days ago to a loss of 31 cents per share today, an increase of 16.2%.

Bottom Line

The stock has also started to move higher lately, adding 35.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.

See 8 breakthrough stocks now>>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


BILL Holdings, Inc. (BILL) - free report >>

Published in