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Preview: AppFolio's Earnings

AppFolio (NASDAQ:APPF) is preparing to release its quarterly earnings on Thursday, 2024-10-24. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect AppFolio to report an earnings per share (EPS) of $1.03.

AppFolio bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Earnings History Snapshot

During the last quarter, the company reported an EPS beat by $0.16, leading to a 10.85% drop in the share price on the subsequent day.

Here's a look at AppFolio's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.96

0.89

0.72

0.41

EPS Actual

1.12

1.05

0.88

0.59

Price Change %

-11.0%

12.0%

28.000000000000004%

6.0%

Performance of AppFolio Shares

Shares of AppFolio were trading at $198.43 as of October 22. Over the last 52-week period, shares are up 10.61%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Observations about AppFolio

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on AppFolio.

The consensus rating for AppFolio is Outperform, derived from 3 analyst ratings. An average ...