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AppFolio (APPF - Free Report) ended the recent trading session at $285.18, demonstrating a +1.28% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.44%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 0.7%.
Prior to today's trading, shares of the property management software maker had gained 2.27% lagged the Computer and Technology sector's gain of 9.59% and the S&P 500's gain of 4.03%.
Market participants will be closely following the financial results of AppFolio in its upcoming release. The company is expected to report EPS of $1.45, up 11.54% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $246.08 million, showing a 19.61% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.36 per share and revenue of $943.55 million. These totals would mark changes of +22.65% and +18.8%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for AppFolio. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, AppFolio holds a Zacks Rank of #3 (Hold).
Digging into valuation, AppFolio currently has a Forward P/E ratio of 52.53. This denotes a premium relative to the industry average Forward P/E of 32.15.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 71, finds itself in the top 29% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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AppFolio (APPF) Laps the Stock Market: Here's Why
AppFolio (APPF - Free Report) ended the recent trading session at $285.18, demonstrating a +1.28% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.44%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 0.7%.
Prior to today's trading, shares of the property management software maker had gained 2.27% lagged the Computer and Technology sector's gain of 9.59% and the S&P 500's gain of 4.03%.
Market participants will be closely following the financial results of AppFolio in its upcoming release. The company is expected to report EPS of $1.45, up 11.54% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $246.08 million, showing a 19.61% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.36 per share and revenue of $943.55 million. These totals would mark changes of +22.65% and +18.8%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for AppFolio. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, AppFolio holds a Zacks Rank of #3 (Hold).
Digging into valuation, AppFolio currently has a Forward P/E ratio of 52.53. This denotes a premium relative to the industry average Forward P/E of 32.15.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 71, finds itself in the top 29% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.