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AppFolio (APPF) Surges 4.4%: Is This an Indication of Further Gains?
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AppFolio (APPF - Free Report) shares rallied 4.4% in the last trading session to close at $230.33. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.6% gain over the past four weeks.
AppFolio is benefiting from strong customer growth, AI-powered innovations like Realm-X, and strategic acquisitions like LiveEasy to enhance its value proposition in property management.
This property management software maker is expected to post quarterly earnings of $1.23 per share in its upcoming report, which represents a year-over-year change of +17.1%. Revenues are expected to be $221.56 million, up 18.2% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For AppFolio, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on APPF going forward to see if this recent jump can turn into more strength down the road.
AppFolio is part of the Zacks Internet - Software industry. Atlassian (TEAM - Free Report) , another stock in the same industry, closed the last trading session 0.7% higher at $236.22. TEAM has returned -17.4% in the past month.
For Atlassian, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.90. This represents a change of +1.1% from what the company reported a year ago. Atlassian currently has a Zacks Rank of #3 (Hold).
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AppFolio (APPF) Surges 4.4%: Is This an Indication of Further Gains?
AppFolio (APPF - Free Report) shares rallied 4.4% in the last trading session to close at $230.33. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.6% gain over the past four weeks.
AppFolio is benefiting from strong customer growth, AI-powered innovations like Realm-X, and strategic acquisitions like LiveEasy to enhance its value proposition in property management.
This property management software maker is expected to post quarterly earnings of $1.23 per share in its upcoming report, which represents a year-over-year change of +17.1%. Revenues are expected to be $221.56 million, up 18.2% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For AppFolio, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on APPF going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
AppFolio is part of the Zacks Internet - Software industry. Atlassian (TEAM - Free Report) , another stock in the same industry, closed the last trading session 0.7% higher at $236.22. TEAM has returned -17.4% in the past month.
For Atlassian, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.90. This represents a change of +1.1% from what the company reported a year ago. Atlassian currently has a Zacks Rank of #3 (Hold).