Yahoo Finance AppFolio (APPF) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, AppFolio (APPF) closed at $232.49, marking a -0.3% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.15%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.32%.
The the stock of property management software maker has risen by 2.39% in the past month, leading the Computer and Technology sector's gain of 1.32% and the S&P 500's gain of 1.65%.
Analysts and investors alike will be keeping a close eye on the performance of AppFolio in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.84, reflecting an 8500% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $175.51 million, indicating a 28.96% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.84 per share and revenue of $764.05 million. These totals would mark changes of +124.56% and +23.15%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for AppFolio. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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 holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, AppFolio is holding a Forward P/E ratio of 60.77. This expresses a premium compared to the average Forward P/E of 28.72 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 38, which puts it in the top 16% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AppFolio, Inc. (APPF) : Free Stock Analysis Report
