We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Can AppFolio (APPF) Keep Earnings Streak Alive in Q2?
Read MoreHide Full Article
AppFolio Inc. (APPF - Free Report) is scheduled to release second-quarter fiscal 2018 results on Jul 30.
The company has a positive earnings surprise history. The stock has surpassed the Zacks Consensus Estimate in the trailing four quarters, recording a whopping average positive earnings surprise of 102.68%.
In the first quarter of fiscal 2018, earnings of 15 cents per share surged a massive 275% from the year-ago figure of 4 cents per share. The figure beat the Zacks Consensus Estimate by 3 cents.
Moreover, revenues surged 32% year over year to $42.3 million, beating the Zacks Consensus Estimate of $41 million.
Expect What?
The Zacks Consensus Estimate for the quarter under review is pegged at 19 cents, which is higher than the year-ago quarter’s figure of 11 cents. We note that, the Zacks Consensus Estimate has remained unchanged over the past 30 days.
Additionally, analysts polled by Zacks project revenues of roughly $46 million, up 26.9% from the year-ago quarter.
Notably, shares of AppFolio have gained 63.3% year to date, significantly outperforming the industry’s rally of 21.4%.
Factors Likely to Influence Q2 Results
AppFolio offers cloud-based software solutions for the property management and legal industries.
The company’s sustained focus on product and technology related innovations remain key catalysts. Upgrades to product suite based on customer feedback which are directed toward making the offerings user friendly, is likely to bolster customer base going forward.
In the recent past, the company enhanced its Value+ Platform by introducing a Renters Insurance product option to tenant users. In the first quarter, Value + services revenue surged 39% year over year to $24.6 million.
Increasing usage of screening services and electronic payments is expected to drive Value+ revenues in the to-be reported quarter.
The company also strengthened its MyCase offering with new features that enable customers to send and receive payments. This flexible feature is likely to drive incremental adoption of the solution going ahead, eventually boosting top-line.
These advancements are projected to increase the customer base of the company, which comprised 12,000 property managers and around 9,700 legal customers at the end of the first quarter.
However, intensifying competition in the cloud based business software solutions space remains a concern.
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP.
The Sell-rated stocks (Zacks Rank #4 or 5) are best avoided. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
AppFolio has a Zacks Rank #3 and an Earnings ESP of 0.00%, which makes surprise prediction difficult.
Stocks With Favorable Combination
Here are few companies which, as per our model, have the right combination of elements to post an earnings beat this quarter:
Intercept Pharmaceuticals, Inc. has an Earnings ESP of +4.25% and a Zacks Rank #2.
HubSpot, Inc. (HUBS - Free Report) has an Earnings ESP of +9.68% and a Zacks Rank of 3.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Image: Bigstock
Can AppFolio (APPF) Keep Earnings Streak Alive in Q2?
AppFolio Inc. (APPF - Free Report) is scheduled to release second-quarter fiscal 2018 results on Jul 30.
The company has a positive earnings surprise history. The stock has surpassed the Zacks Consensus Estimate in the trailing four quarters, recording a whopping average positive earnings surprise of 102.68%.
In the first quarter of fiscal 2018, earnings of 15 cents per share surged a massive 275% from the year-ago figure of 4 cents per share. The figure beat the Zacks Consensus Estimate by 3 cents.
Moreover, revenues surged 32% year over year to $42.3 million, beating the Zacks Consensus Estimate of $41 million.
Expect What?
The Zacks Consensus Estimate for the quarter under review is pegged at 19 cents, which is higher than the year-ago quarter’s figure of 11 cents. We note that, the Zacks Consensus Estimate has remained unchanged over the past 30 days.
Additionally, analysts polled by Zacks project revenues of roughly $46 million, up 26.9% from the year-ago quarter.
Notably, shares of AppFolio have gained 63.3% year to date, significantly outperforming the industry’s rally of 21.4%.
Factors Likely to Influence Q2 Results
AppFolio offers cloud-based software solutions for the property management and legal industries.
The company’s sustained focus on product and technology related innovations remain key catalysts. Upgrades to product suite based on customer feedback which are directed toward making the offerings user friendly, is likely to bolster customer base going forward.
In the recent past, the company enhanced its Value+ Platform by introducing a Renters Insurance product option to tenant users. In the first quarter, Value + services revenue surged 39% year over year to $24.6 million.
Increasing usage of screening services and electronic payments is expected to drive Value+ revenues in the to-be reported quarter.
The company also strengthened its MyCase offering with new features that enable customers to send and receive payments. This flexible feature is likely to drive incremental adoption of the solution going ahead, eventually boosting top-line.
These advancements are projected to increase the customer base of the company, which comprised 12,000 property managers and around 9,700 legal customers at the end of the first quarter.
However, intensifying competition in the cloud based business software solutions space remains a concern.
AppFolio, Inc. Price and EPS Surprise
AppFolio, Inc. Price and EPS Surprise | AppFolio, Inc. Quote
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP.
The Sell-rated stocks (Zacks Rank #4 or 5) are best avoided. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
AppFolio has a Zacks Rank #3 and an Earnings ESP of 0.00%, which makes surprise prediction difficult.
Stocks With Favorable Combination
Here are few companies which, as per our model, have the right combination of elements to post an earnings beat this quarter:
BMC Stock Holdings, Inc. has an Earnings ESP of +9.29% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Intercept Pharmaceuticals, Inc. has an Earnings ESP of +4.25% and a Zacks Rank #2.
HubSpot, Inc. (HUBS - Free Report) has an Earnings ESP of +9.68% and a Zacks Rank of 3.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>