AppFolio (APPF) closed at $225.19 in the latest trading session, marking a -0.14% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.33% for the day. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq depreciated by 0.53%.
The property management software maker's shares have seen an increase of 5.75% over the last month, surpassing the Computer and Technology sector's loss of 7.14% and the S&P 500's loss of 4.03%.
Investors will be eagerly watching for the performance of AppFolio in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.23, signifying a 17.14% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $221.56 million, showing a 18.21% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.37 per share and a revenue of $940.44 million, representing changes of +22.88% and +18.41%, respectively, from the prior year.
Any recent changes to analyst estimates for AppFolio should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. At present, AppFolio boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, AppFolio is holding a Forward P/E ratio of 41.98. This indicates a premium in contrast to its industry's Forward P/E of 27.65.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 73, finds itself in the top 30% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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AppFolio, Inc. (APPF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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