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AppFolio (APPF) to Report Q3 Earnings: What's in the Cards?
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AppFolio Inc. (APPF - Free Report) is scheduled to release third-quarter 2018 results on Oct 29.
Notably, the cloud-based software solutions provider has surpassed the Zacks Consensus Estimate in the trailing four quarters, recording an average positive earnings surprise of 42.6%.
In the second quarter of 2018, AppFolio reported earnings of 24 cents per share, which soared a whopping 118.2% from the year-ago figure of 11 cents per share. The figure beat the Zacks Consensus Estimate by a nickel.
Moreover, revenues surged 31.7% year over year to $47.2 million, beating the Zacks Consensus Estimate of $46 million.
For the third quarter, Zacks Consensus Estimate for earnings is pegged at 22 cents, representing growth of 69.2% from the year-ago quarter. Additionally, the Zacks Consensus Estimate for the revenues is pegged at $47.2 million, indicating year-over-year growth of 25.9%.
Factors at Play in Q3
AppFolio’s sustained focus on product and technology related innovations to upgrade its solutions meant for property management and legal customers, remain key catalysts.
Robust enhancements to its product suite based on customer feedback which are directed toward making the offerings user friendly is likely to boost engagement, consequently bolstering customer base.
AppFolio has enhanced its Value+ Platform with Renters Insurance product option to tenant users, which is likely to garner incremental revenues in the quarter under review. In the second quarter, Value + services revenue surged 40% year over year to $28.8 million.
Increasing usage of screening services and electronic payments is expected to drive Value+ revenues in the to-be reported quarter. Further, legal liability to landlord insurance from notable property manager customers is expected to be a catalyst.
The company introduced AppFolio Property Manager Plus in the to-be-reported quarter in a bid to add robust capabilities comprising, Performance Insights Dashboard, Configurable Workflows, Revenue Management and Optimization, among others.
The company 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 bolstering the top line.
These developments are projected to expand the customer base of the company, which comprised 12,300 property managers (up 14% year over year) and around 10,000 legal customers (up 12% year over year) at the end of the second quarter.
AppFolio recently concluded the buyout of WegoWise. With this acquisition, AppFolio intends to provide its real estate customers with a utility management Value+ Service. The emergence of utility management among large portfolio property owners and managers enhances the potential of the buyout.
According to the Zacks model, a company with a solid Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has good chances of beating estimates if it also has a positive Earnings ESP. The Sell-rated stocks (Zacks Rank #4 or 5) are best avoided.
AppFolio has a Zacks Rank #3 and an Earnings ESP of 0.00%, which makes surprise prediction difficult. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
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:
Herbalife LTD. (HLF - Free Report) has an Earnings ESP of +2.29% and a Zacks Rank #2. The company is slated to report third-quarter earnings on Oct 30.
Allison Transmission Holdings, Inc. (ALSN - Free Report) has an Earnings ESP of +1.68% and a Zacks Rank #2. The company is slated to report third-quarter earnings on Oct 29.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
AppFolio (APPF) to Report Q3 Earnings: What's in the Cards?
AppFolio Inc. (APPF - Free Report) is scheduled to release third-quarter 2018 results on Oct 29.
Notably, the cloud-based software solutions provider has surpassed the Zacks Consensus Estimate in the trailing four quarters, recording an average positive earnings surprise of 42.6%.
In the second quarter of 2018, AppFolio reported earnings of 24 cents per share, which soared a whopping 118.2% from the year-ago figure of 11 cents per share. The figure beat the Zacks Consensus Estimate by a nickel.
Moreover, revenues surged 31.7% year over year to $47.2 million, beating the Zacks Consensus Estimate of $46 million.
For the third quarter, Zacks Consensus Estimate for earnings is pegged at 22 cents, representing growth of 69.2% from the year-ago quarter. Additionally, the Zacks Consensus Estimate for the revenues is pegged at $47.2 million, indicating year-over-year growth of 25.9%.
Factors at Play in Q3
AppFolio’s sustained focus on product and technology related innovations to upgrade its solutions meant for property management and legal customers, remain key catalysts.
Robust enhancements to its product suite based on customer feedback which are directed toward making the offerings user friendly is likely to boost engagement, consequently bolstering customer base.
AppFolio has enhanced its Value+ Platform with Renters Insurance product option to tenant users, which is likely to garner incremental revenues in the quarter under review. In the second quarter, Value + services revenue surged 40% year over year to $28.8 million.
Increasing usage of screening services and electronic payments is expected to drive Value+ revenues in the to-be reported quarter. Further, legal liability to landlord insurance from notable property manager customers is expected to be a catalyst.
The company introduced AppFolio Property Manager Plus in the to-be-reported quarter in a bid to add robust capabilities comprising, Performance Insights Dashboard, Configurable Workflows, Revenue Management and Optimization, among others.
The company 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 bolstering the top line.
These developments are projected to expand the customer base of the company, which comprised 12,300 property managers (up 14% year over year) and around 10,000 legal customers (up 12% year over year) at the end of the second quarter.
AppFolio recently concluded the buyout of WegoWise. With this acquisition, AppFolio intends to provide its real estate customers with a utility management Value+ Service. The emergence of utility management among large portfolio property owners and managers enhances the potential of the buyout.
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 solid Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has good chances of beating estimates if it also has a positive Earnings ESP. The Sell-rated stocks (Zacks Rank #4 or 5) are best avoided.
AppFolio has a Zacks Rank #3 and an Earnings ESP of 0.00%, which makes surprise prediction difficult. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
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:
Ameren Corporation (AEE - Free Report) has an Earnings ESP of +8.65% and a Zacks Rank #1. The company is slated to report third-quarter earnings on Oct 31. You can see the complete list of today’s Zacks #1 Rank stocks here.
Herbalife LTD. (HLF - Free Report) has an Earnings ESP of +2.29% and a Zacks Rank #2. The company is slated to report third-quarter earnings on Oct 30.
Allison Transmission Holdings, Inc. (ALSN - Free Report) has an Earnings ESP of +1.68% and a Zacks Rank #2. The company is slated to report third-quarter earnings on Oct 29.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>