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AppFolio, Inc. (APPF - Free Report) just released its latest quarterly financial results, posting adjusted earnings of 9 cents per share and revenues of $38 million.
Currently, APPF is a Zacks Rank #4 (Sell), but that could change based on today’s results. The stock is currently flat in after-hours trading shortly after its earnings report was released.
AppFolio:
Beat revenue estimates. The company saw revenue figures of $37.9 million, beating our consensus estimate of $35.49 million.
Beat earnings estimates. The company posted adjusted earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.09. Non-adjusted basic earnings per share came in at $0.08, while diluted earnings per share were $0.07.
Total revenue climbed from $28 million in the year-ago period. Total costs and operating expenses reached $35.5 million, up from $29.3 million in the prior-year period.
AppFolio now expects full-year 2018 revenues in the range of $179 million to $182 million. Our current consensus estimate is calling for revenues of $180.9 million.
Here’s a graph that looks at AppFolio’s recent earnings performance:
AppFolio, Inc. offers cloud-based software solutions for property management and legal industries. It offers AppFolio Property Manager, a solution for the property managers including activities of posting and tracking tenant vacancies, handling the entire leasing process electronically, administering maintenance and repairs with their vendor networks, managing accounting and reporting to property owners. MyCase solution for practitioners and small law firms, providing time tracking, billing and payments, client communication, coordination with other lawyers and support staff, legal document management and assembly and general office administration services.
Check back later for our full analysis on APPF’s earnings report!
*An early version of this story reported that AppFolio's diluted earnings per share of $0.07 missed the Zacks Consensus Estimate of $0.09. However, the appropriate figure for judging against our consensus estimate is the adjusted figure of $0.12 per share.*
Want more market analysis from this author? Make sure to follow @Ryan_McQueeneyon Twitter!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
AppFolio (APPF) Posts Revenue Beat, In-Line Guidance
AppFolio, Inc. (APPF - Free Report) just released its latest quarterly financial results, posting adjusted earnings of 9 cents per share and revenues of $38 million.
Currently, APPF is a Zacks Rank #4 (Sell), but that could change based on today’s results. The stock is currently flat in after-hours trading shortly after its earnings report was released.
AppFolio:
Beat revenue estimates. The company saw revenue figures of $37.9 million, beating our consensus estimate of $35.49 million.
Beat earnings estimates. The company posted adjusted earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.09. Non-adjusted basic earnings per share came in at $0.08, while diluted earnings per share were $0.07.
Total revenue climbed from $28 million in the year-ago period. Total costs and operating expenses reached $35.5 million, up from $29.3 million in the prior-year period.
AppFolio now expects full-year 2018 revenues in the range of $179 million to $182 million. Our current consensus estimate is calling for revenues of $180.9 million.
Here’s a graph that looks at AppFolio’s recent earnings performance:
AppFolio, Inc. Price, Consensus and EPS Surprise
AppFolio, Inc. Price, Consensus and EPS Surprise | AppFolio, Inc. Quote
AppFolio, Inc. offers cloud-based software solutions for property management and legal industries. It offers AppFolio Property Manager, a solution for the property managers including activities of posting and tracking tenant vacancies, handling the entire leasing process electronically, administering maintenance and repairs with their vendor networks, managing accounting and reporting to property owners. MyCase solution for practitioners and small law firms, providing time tracking, billing and payments, client communication, coordination with other lawyers and support staff, legal document management and assembly and general office administration services.
Check back later for our full analysis on APPF’s earnings report!
*An early version of this story reported that AppFolio's diluted earnings per share of $0.07 missed the Zacks Consensus Estimate of $0.09. However, the appropriate figure for judging against our consensus estimate is the adjusted figure of $0.12 per share.*
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>