Appfolio Inc reports results for the quarter ended March 31 - Earnings Summary

• Appfolio Inc APPF.OQ reported quarterly adjusted earnings of $1.21​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.06. The mean expectation of seven analysts for the quarter was for earnings of $1.22 per share. Wall Street expected results to range from $1.14 to $1.37 per share.

• Revenue rose 16.2% to $217.70 million from a year ago; analysts expected $220.42 million.

• Appfolio Inc's reported EPS for the quarter was 86 cents​.

• The company reported quarterly net income of $31.38 million.

• Appfolio Inc shares had risen by 2.6% this quarter and lost 8.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Appfolio Inc is $246.11

This summary was machine generated from LSEG data April 24 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)