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Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
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AppFolio (APPF) Matches Earnings Estimates, Post In-Line Guidance
AppFolio, Inc. (APPF - Free Report) just released its latest quarterly financial results, posting diluted earnings of $0.12 per share and revenues of $42.34 million.
Currently, APPF is a Zacks Rank #3 (Hold), but that could change based on today’s results. Shares of the company has gained about 20% over the past month, including a slight surge during regular trading hours today.
The stock is currently down 1.8% to $47.05 per share in after-hours trading shortly after its earnings report was released.
AppFolio:
Matched earnings estimates. The company posted diluted earnings of $0.12 per share, matching the Zacks Consensus Estimate of $0.12. Investors should note that this consensus projection has trended upward over the duration of the quarter.
Beat revenue estimates. The company saw revenue figures of $42.34 million, topping our consensus estimate of $41.01 million.
AppFolio said that it expects full-year revenue to be in the range of $179 million to $182 million. This is relatively in line with our latest Zacks Consensus Estimate of $181.3 million.
Here’s a graph that looks at AppFolio’s recent earnings performance:
AppFolio, Inc. Price, Consensus and EPS Surprise
AppFolio, Inc. Price, Consensus and EPS Surprise | AppFolio, Inc. Quote
AppFolio offers cloud-based software solutions for the property management and legal industries. The company’s AppFolio Property Manager is a leading solution for property management, while its MyCase application is ideal for practitioners and small law firms.
Check back later for our full analysis on APPF’s earnings report!
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