In the latest trading session, AppFolio (APPF) closed at $214.85, marking a -2.22% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.17% for the day. Elsewhere, the Dow lost 0.18%, while the tech-heavy Nasdaq added 0.4%.
The property management software maker's stock has climbed by 0.4% in the past month, exceeding the Computer and Technology sector's gain of 0.37% and the S&P 500's loss of 1.29%.
Analysts and investors alike will be keeping a close eye on the performance of AppFolio in its upcoming earnings disclosure. The company is expected to report EPS of $1.78, up 35.88% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $294.05 million, indicating a 17.92% upward movement from the same quarter last year.
APPF's full-year Zacks Consensus Estimates are calling for earnings of $6.91 per share and revenue of $1.12 billion. These results would represent year-over-year changes of +30.62% and +18.32%, respectively.
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, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.21% upward. AppFolio currently has a Zacks Rank of #2 (Buy).
In terms of valuation, AppFolio is currently trading at a Forward P/E ratio of 31.8. This indicates a premium in contrast to its industry's Forward P/E of 20.16.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 78, putting it in the top 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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AppFolio, Inc. (APPF): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).