Zacks: Analysts Anticipate AppFolio, Inc. (NASDAQ:APPF) to Announce -$0.35 EPS

Wall Street analysts forecast that AppFolio, Inc. (NASDAQ:APPFGet Rating) will post earnings of ($0.35) per share for the current quarter, Zacks reports. Two analysts have provided estimates for AppFolio’s earnings. AppFolio reported earnings of $0.06 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 683.3%. The company is scheduled to issue its next earnings results on Monday, January 1st.

On average, analysts expect that AppFolio will report full-year earnings of ($1.60) per share for the current fiscal year. For the next financial year, analysts forecast that the business will report earnings of ($1.10) per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow AppFolio.

AppFolio (NASDAQ:APPFGet Rating) last issued its earnings results on Monday, May 9th. The software maker reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.36). AppFolio had a negative net margin of 3.56% and a negative return on equity of 4.72%. During the same quarter in the prior year, the company posted $0.01 earnings per share.

Several equities research analysts have recently issued reports on APPF shares. KeyCorp raised shares of AppFolio from a “sector weight” rating to an “overweight” rating and set a $143.00 price objective for the company in a research report on Friday, April 8th. Zacks Investment Research downgraded shares of AppFolio from a “hold” rating to a “sell” rating in a research report on Thursday. Stephens raised shares of AppFolio from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $105.00 to $107.00 in a research report on Tuesday, February 8th. Finally, StockNews.com downgraded shares of AppFolio from a “hold” rating to a “sell” rating in a research report on Wednesday.

NASDAQ:APPF traded up $4.05 during trading hours on Friday, hitting $97.34. The stock had a trading volume of 173,130 shares, compared to its average volume of 176,326. AppFolio has a one year low of $79.92 and a one year high of $150.78. The company has a market cap of $3.39 billion, a price-to-earnings ratio of -249.59 and a beta of 1.03. The business’s 50 day moving average is $106.65 and its 200-day moving average is $115.27.

In related news, Director Janet Kerr sold 550 shares of the firm’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $92.61, for a total value of $50,935.50. Following the completion of the transaction, the director now owns 16,498 shares of the company’s stock, valued at $1,527,879.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 36.02% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in AppFolio by 2.8% in the fourth quarter. BlackRock Inc. now owns 1,249,161 shares of the software maker’s stock valued at $151,223,000 after purchasing an additional 33,995 shares in the last quarter. Capital Research Global Investors lifted its stake in AppFolio by 0.5% in the third quarter. Capital Research Global Investors now owns 1,025,772 shares of the software maker’s stock valued at $123,503,000 after acquiring an additional 4,981 shares during the last quarter. State Street Corp lifted its stake in AppFolio by 1.0% in the first quarter. State Street Corp now owns 408,926 shares of the software maker’s stock valued at $46,295,000 after acquiring an additional 3,877 shares during the last quarter. Long Walk Management LP lifted its stake in AppFolio by 37.2% in the fourth quarter. Long Walk Management LP now owns 358,737 shares of the software maker’s stock valued at $43,429,000 after acquiring an additional 97,210 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in AppFolio by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 330,306 shares of the software maker’s stock valued at $39,986,000 after acquiring an additional 14,326 shares during the last quarter. 66.03% of the stock is owned by institutional investors and hedge funds.

AppFolio Company Profile (Get Rating)

AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry. The company offers AppFolio Property Manager, a platform to leverage process automation, easy to use interface, and the optimization of common workflows for property management companies, as well as completes and records critical transactions in the system and give its customers access to the data they need to run their business; AppFolio Property Manager Plus, which offers customizable workflows that allow customers to digitize their existing processes, performance insights, intelligent revenue management, and integrations through selected partners and dedicated strategic account managers; and AppFolio Investment Management, a solution that is designed to enable real estate investment management organizations to manage investor relationships through enhancing transparency and streamlining certain business processes.

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Earnings History and Estimates for AppFolio (NASDAQ:APPF)

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