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Here's Why AppFolio (APPF) Fell More Than Broader Market
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AppFolio (APPF - Free Report) closed at $204.43 in the latest trading session, marking a -2.66% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.03% for the day. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.01%.
Prior to today's trading, shares of the property management software maker had lost 5.9% lagged the Computer and Technology sector's gain of 5.26% and the S&P 500's gain of 0.53%.
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 $1.78 per share, which would represent year-over-year growth of 35.88%. Simultaneously, our latest consensus estimate expects the revenue to be $294.05 million, showing a 17.92% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.91 per share and revenue of $1.12 billion, which would represent changes of +30.62% and +18.32%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for AppFolio. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, AppFolio is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, AppFolio is holding a Forward P/E ratio of 30.39. This denotes a premium relative to the industry average Forward P/E of 19.86.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 94, positioning it in the top 39% 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.
To follow APPF in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Here's Why AppFolio (APPF) Fell More Than Broader Market
AppFolio (APPF - Free Report) closed at $204.43 in the latest trading session, marking a -2.66% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.03% for the day. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.01%.
Prior to today's trading, shares of the property management software maker had lost 5.9% lagged the Computer and Technology sector's gain of 5.26% and the S&P 500's gain of 0.53%.
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 $1.78 per share, which would represent year-over-year growth of 35.88%. Simultaneously, our latest consensus estimate expects the revenue to be $294.05 million, showing a 17.92% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.91 per share and revenue of $1.12 billion, which would represent changes of +30.62% and +18.32%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for AppFolio. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, AppFolio is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, AppFolio is holding a Forward P/E ratio of 30.39. This denotes a premium relative to the industry average Forward P/E of 19.86.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 94, positioning it in the top 39% 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.
To follow APPF in the coming trading sessions, be sure to utilize Zacks.com.