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AppFolio (APPF) Falls More Steeply Than Broader Market: What Investors Need to Know
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AppFolio (APPF - Free Report) closed at $232.65 in the latest trading session, marking a -1.26% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.74% for the day. Meanwhile, the Dow lost 0.63%, and the Nasdaq, a tech-heavy index, lost 0.76%.
Prior to today's trading, shares of the property management software maker had gained 1.86% outpaced the Computer and Technology sector's gain of 0.14% and the S&P 500's gain of 0.79%.
The investment community will be paying close attention to the earnings performance of AppFolio in its upcoming release. The company's earnings per share (EPS) are projected to be $1.22, reflecting a 32.61% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $246.09 million, up 20.83% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.12 per share and a revenue of $948.7 million, signifying shifts of +17.16% and +19.45%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for AppFolio. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, AppFolio holds a Zacks Rank of #3 (Hold).
In terms of valuation, AppFolio is currently trading at a Forward P/E ratio of 46.06. For comparison, its industry has an average Forward P/E of 28.86, which means AppFolio is trading at a premium to the group.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 51, which puts it in the top 21% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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AppFolio (APPF) Falls More Steeply Than Broader Market: What Investors Need to Know
AppFolio (APPF - Free Report) closed at $232.65 in the latest trading session, marking a -1.26% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.74% for the day. Meanwhile, the Dow lost 0.63%, and the Nasdaq, a tech-heavy index, lost 0.76%.
Prior to today's trading, shares of the property management software maker had gained 1.86% outpaced the Computer and Technology sector's gain of 0.14% and the S&P 500's gain of 0.79%.
The investment community will be paying close attention to the earnings performance of AppFolio in its upcoming release. The company's earnings per share (EPS) are projected to be $1.22, reflecting a 32.61% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $246.09 million, up 20.83% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.12 per share and a revenue of $948.7 million, signifying shifts of +17.16% and +19.45%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for AppFolio. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, AppFolio holds a Zacks Rank of #3 (Hold).
In terms of valuation, AppFolio is currently trading at a Forward P/E ratio of 46.06. For comparison, its industry has an average Forward P/E of 28.86, which means AppFolio is trading at a premium to the group.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 51, which puts it in the top 21% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.