AppFolio (APPF) closed at $279.59 in the latest trading session, marking a -2.4% move from the prior day. This move lagged the S&P 500's daily gain of 0.27%. Meanwhile, the Dow experienced a rise of 0.43%, and the technology-dominated Nasdaq saw an increase of 0.37%.
Coming into today, shares of the property management software maker had gained 1.99% in the past month. In that same time, the Computer and Technology sector gained 2.4%, while the S&P 500 gained 1.85%.
Investors will be eagerly watching for the performance of AppFolio in its upcoming earnings disclosure. In that report, analysts expect AppFolio to post earnings of $1.45 per share. This would mark year-over-year growth of 11.54%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $246.08 million, up 19.61% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.36 per share and revenue of $943.55 million. These totals would mark changes of +22.65% and +18.8%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for AppFolio. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AppFolio is currently a Zacks Rank #3 (Hold).
In terms of valuation, AppFolio is presently being traded at a Forward P/E ratio of 53.44. This expresses a premium compared to the average Forward P/E of 31.58 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 64, positioning it in the top 26% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming 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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