Appfolio Inc reports results for the quarter ended in December - Earnings Summary

AppFolio

25/01/2024 22:01

* Appfolio Inc  APPF.OQ  reported quarterly adjusted
earnings of
88 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of -5 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 72 cents per share. Wall Street
expected results to range from 68 cents to 79 cents per share.
    * Revenue rose 38.5% to $171.83 million from a year ago;
analysts
expected $162.71 million. 
    * Appfolio Inc's reported EPS for the quarter was 83 cents​.
    * The company reported quarterly net income of $30.27
million.
    * Appfolio Inc shares had risen by 1.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 27.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Appfolio Inc is
$234.00 
This summary was machine generated from LSEG data January 25 at
10:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.72           0.88           Beat
 Sep. 30 2023      0.41           0.60           Beat
 Jun. 30 2023      0.12           0.23           Beat
 Mar. 31 2023      -0.05          -0.01          Beat