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AppFolio (APPF) Beats Stock Market Upswing: What Investors Need to Know
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AppFolio (APPF - Free Report) closed at $280.22 in the latest trading session, marking a +1.5% move from the prior day. This change outpaced the S&P 500's 0.47% gain on the day. Elsewhere, the Dow saw an upswing of 0.11%, while the tech-heavy Nasdaq appreciated by 0.94%.
Shares of the property management software maker have appreciated by 4.07% over the course of the past month, outperforming the Computer and Technology sector's gain of 3.88%, and the S&P 500's gain of 2.32%.
Analysts and investors alike will be keeping a close eye on the performance of AppFolio in its upcoming earnings disclosure. The company is expected to report EPS of $1.45, up 11.54% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $246.08 million, indicating a 19.61% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.36 per share and a revenue of $943.55 million, indicating changes of +22.65% and +18.8%, respectively, from the former 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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, AppFolio possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, AppFolio is holding a Forward P/E ratio of 51.51. This valuation marks a premium compared to its industry average Forward P/E of 31.21.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow APPF in the coming trading sessions, be sure to utilize Zacks.com.
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AppFolio (APPF) Beats Stock Market Upswing: What Investors Need to Know
AppFolio (APPF - Free Report) closed at $280.22 in the latest trading session, marking a +1.5% move from the prior day. This change outpaced the S&P 500's 0.47% gain on the day. Elsewhere, the Dow saw an upswing of 0.11%, while the tech-heavy Nasdaq appreciated by 0.94%.
Shares of the property management software maker have appreciated by 4.07% over the course of the past month, outperforming the Computer and Technology sector's gain of 3.88%, and the S&P 500's gain of 2.32%.
Analysts and investors alike will be keeping a close eye on the performance of AppFolio in its upcoming earnings disclosure. The company is expected to report EPS of $1.45, up 11.54% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $246.08 million, indicating a 19.61% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.36 per share and a revenue of $943.55 million, indicating changes of +22.65% and +18.8%, respectively, from the former 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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, AppFolio possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, AppFolio is holding a Forward P/E ratio of 51.51. This valuation marks a premium compared to its industry average Forward P/E of 31.21.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow APPF in the coming trading sessions, be sure to utilize Zacks.com.