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

AppFolio

26/04/2024 24:16

* Appfolio Inc  APPF.OQ  reported quarterly adjusted
earnings of
$1.06​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -1
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 89 cents per share. Wall Street expected
results to range from 81 cents to $1.00 per share.
    * Revenue rose 37.7% to $187.43 million from a year ago;
analysts
expected $178.69 million. 
    * Appfolio Inc's reported EPS for the quarter was $1.05​.
    * The company reported quarterly net income of $38.66
million.
    * Appfolio Inc shares had fallen by 12.5% this quarter and
gained 24.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 22.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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
$241.00 
This summary was machine generated from LSEG data April 25 at
11:15 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
 Mar. 31 2024      0.89           1.06           Beat
 Dec. 31 2023      0.72           0.88           Beat
 Sep. 30 2023      0.41           0.60           Beat
 Jun. 30 2023      0.12           0.23           Beat