Appfolio Inc reports results for the quarter ended in September 30 - Earnings Summary

AppFolio

27/10/2024 15:42

* Appfolio Inc  APPF.OQ  reported quarterly adjusted
earnings of
$1.29​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 60 cents.  The mean expectation of seven analysts for the
quarter was for earnings of $1.03 per share. Wall Street
expected results to range from 98 cents to $1.09 per share.
    * Revenue rose 24.4% to $205.73 million from a year ago;
analysts
expected $199.10 million. 
    * Appfolio Inc's reported EPS for the quarter was 90 cents​.
    * The company reported quarterly net income of $33.01
million.
    * Appfolio Inc shares had fallen by 18.4% this quarter and
gained 10.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
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," no
"hold" and 1 "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
$265.00 
This summary was machine generated from LSEG data October 27 at
03:42 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
 Sep. 30 2024      1.03           1.29           Beat
 Jun. 30 2024      0.96           1.12           Beat
 Mar. 31 2024      0.89           1.06           Beat
 Dec. 31 2023      0.72           0.88           Beat