Yahoo Finance AppFolio (APPF) Outpaces Stock Market Gains: What You Should Know
AppFolio (APPF) ended the recent trading session at $229.19, demonstrating a +0.9% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.03%. Meanwhile, the Dow lost 0.04%, and the Nasdaq, a tech-heavy index, added 0.2%.
Heading into today, shares of the property management software maker had gained 1.6% over the past month, outpacing the Computer and Technology sector's loss of 1.2% and the S&P 500's gain of 1.54% in that time.
Market participants will be closely following the financial results of AppFolio in its upcoming release. The company's upcoming EPS is projected at $1.02, signifying a 72.88% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $198.52 million, reflecting a 20% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.20 per share and a revenue of $777.91 million, indicating changes of +145.61% and +25.38%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for AppFolio. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, the Zacks Consensus EPS estimate remained stagnant. At present, AppFolio boasts a Zacks Rank of #3 (Hold).
In terms of valuation, AppFolio is currently trading at a Forward P/E ratio of 54.11. This represents a premium compared to its industry's average Forward P/E of 30.89.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 74, positioning it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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AppFolio, Inc. (APPF) : Free Stock Analysis Report
