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AppFolio (APPF) Outperforms Broader Market: What You Need to Know
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AppFolio (APPF - Free Report) ended the recent trading session at $204.24, demonstrating a +1.86% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.2%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.04%.
The property management software maker's stock has dropped by 10.59% in the past month, falling short of the Computer and Technology sector's gain of 4.78% and the S&P 500's loss of 0.35%.
Market participants will be closely following the financial results of AppFolio in its upcoming release. The company's upcoming EPS is projected at $1.78, signifying a 35.88% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $294.05 million, up 17.92% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.91 per share and revenue of $1.12 billion. These totals would mark changes of +30.62% and +18.32%, 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. AppFolio presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, AppFolio is holding a Forward P/E ratio of 29.02. This expresses a premium compared to the average Forward P/E of 19.07 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 93, this industry ranks in the top 38% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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AppFolio (APPF) Outperforms Broader Market: What You Need to Know
AppFolio (APPF - Free Report) ended the recent trading session at $204.24, demonstrating a +1.86% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.2%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.04%.
The property management software maker's stock has dropped by 10.59% in the past month, falling short of the Computer and Technology sector's gain of 4.78% and the S&P 500's loss of 0.35%.
Market participants will be closely following the financial results of AppFolio in its upcoming release. The company's upcoming EPS is projected at $1.78, signifying a 35.88% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $294.05 million, up 17.92% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.91 per share and revenue of $1.12 billion. These totals would mark changes of +30.62% and +18.32%, 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. AppFolio presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, AppFolio is holding a Forward P/E ratio of 29.02. This expresses a premium compared to the average Forward P/E of 19.07 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 93, this industry ranks in the top 38% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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 follow all of these stock-moving metrics, and many more, on Zacks.com.