AppFolio (APPF) Matches Earnings Estimates, Post In-Line Guidance

Ryan McQueeney
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AppFolio, Inc. (APPF) just released its latest quarterly financial results, posting diluted earnings of $0.12 per share and revenues of $42.34 million.

Currently, APPF is a Zacks Rank #3 (Hold), but that could change based on today’s results. Shares of the company has gained about 20% over the past month, including a slight surge during regular trading hours today.

The stock is currently down 1.8% to $47.05 per share in after-hours trading shortly after its earnings report was released.

AppFolio:

Matched earnings estimates. The company posted diluted earnings of $0.12 per share, matching the Zacks Consensus Estimate of $0.12. Investors should note that this consensus projection has trended upward over the duration of the quarter.

Beat revenue estimates. The company saw revenue figures of $42.34 million, topping our consensus estimate of $41.01 million.

AppFolio said that it expects full-year revenue to be in the range of $179 million to $182 million. This is relatively in line with our latest Zacks Consensus Estimate of $181.3 million.

Here’s a graph that looks at AppFolio’s recent earnings performance:

AppFolio, Inc. Price, Consensus and EPS Surprise

AppFolio, Inc. Price, Consensus and EPS Surprise | AppFolio, Inc. Quote

AppFolio offers cloud-based software solutions for the property management and legal industries. The company’s AppFolio Property Manager is a leading solution for property management, while its MyCase application is ideal for practitioners and small law firms.

Check back later for our full analysis on APPF’s earnings report!

Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

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