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AppFolio (APPF) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest trading session, AppFolio (APPF - Free Report) closed at $224.52, marking a -2.99% move from the previous day. This change lagged the S&P 500's daily loss of 0.16%. On the other hand, the Dow registered a loss of 0.09%, and the technology-centric Nasdaq decreased by 0.59%.
The property management software maker's stock has dropped by 6.67% in the past month, falling short of the Computer and Technology sector's loss of 0.43% and the S&P 500's loss of 0.21%.
The investment community will be closely monitoring the performance of AppFolio in its forthcoming earnings report. On that day, AppFolio is projected to report earnings of $1.23 per share, which would represent year-over-year growth of 33.7%. At the same time, our most recent consensus estimate is projecting a revenue of $245.73 million, reflecting a 20.66% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.12 per share and revenue of $947.06 million, which would represent changes of +17.16% and +19.25%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for AppFolio. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AppFolio presently features a Zacks Rank of #3 (Hold).
In terms of valuation, AppFolio is presently being traded at a Forward P/E ratio of 45.2. This valuation marks a premium compared to its industry average Forward P/E of 29.16.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 55, this industry ranks in the top 23% of all industries, numbering over 250.
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) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest trading session, AppFolio (APPF - Free Report) closed at $224.52, marking a -2.99% move from the previous day. This change lagged the S&P 500's daily loss of 0.16%. On the other hand, the Dow registered a loss of 0.09%, and the technology-centric Nasdaq decreased by 0.59%.
The property management software maker's stock has dropped by 6.67% in the past month, falling short of the Computer and Technology sector's loss of 0.43% and the S&P 500's loss of 0.21%.
The investment community will be closely monitoring the performance of AppFolio in its forthcoming earnings report. On that day, AppFolio is projected to report earnings of $1.23 per share, which would represent year-over-year growth of 33.7%. At the same time, our most recent consensus estimate is projecting a revenue of $245.73 million, reflecting a 20.66% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.12 per share and revenue of $947.06 million, which would represent changes of +17.16% and +19.25%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for AppFolio. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AppFolio presently features a Zacks Rank of #3 (Hold).
In terms of valuation, AppFolio is presently being traded at a Forward P/E ratio of 45.2. This valuation marks a premium compared to its industry average Forward P/E of 29.16.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 55, this industry ranks in the top 23% of all industries, numbering over 250.
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.