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AppFolio (APPF) Outpaces Stock Market Gains: What You Should Know
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AppFolio (APPF - Free Report) closed at $246.39 in the latest trading session, marking a +1.38% move from the prior day. This move outpaced the S&P 500's daily gain of 0.61%. Elsewhere, the Dow saw an upswing of 0.49%, while the tech-heavy Nasdaq appreciated by 0.95%.
Coming into today, shares of the property management software maker had gained 6.39% in the past month. In that same time, the Computer and Technology sector gained 5.6%, while the S&P 500 gained 3.85%.
The investment community will be closely monitoring the performance of AppFolio in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.28, reflecting a 14.29% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $230.3 million, up 16.68% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.14 per share and revenue of $930.84 million. These totals would mark changes of +17.62% and +17.2%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AppFolio. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AppFolio currently has a Zacks Rank of #3 (Hold).
In terms of valuation, AppFolio is currently trading at a Forward P/E ratio of 47.31. This represents a premium compared to its industry average Forward P/E of 28.96.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 62, positioning it in the top 26% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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AppFolio (APPF) Outpaces Stock Market Gains: What You Should Know
AppFolio (APPF - Free Report) closed at $246.39 in the latest trading session, marking a +1.38% move from the prior day. This move outpaced the S&P 500's daily gain of 0.61%. Elsewhere, the Dow saw an upswing of 0.49%, while the tech-heavy Nasdaq appreciated by 0.95%.
Coming into today, shares of the property management software maker had gained 6.39% in the past month. In that same time, the Computer and Technology sector gained 5.6%, while the S&P 500 gained 3.85%.
The investment community will be closely monitoring the performance of AppFolio in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.28, reflecting a 14.29% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $230.3 million, up 16.68% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.14 per share and revenue of $930.84 million. These totals would mark changes of +17.62% and +17.2%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AppFolio. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AppFolio currently has a Zacks Rank of #3 (Hold).
In terms of valuation, AppFolio is currently trading at a Forward P/E ratio of 47.31. This represents a premium compared to its industry average Forward P/E of 28.96.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 62, positioning it in the top 26% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.