* Appfolio Inc reported quarterly adjusted earnings of $1.29 per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 60 cents. The mean expectation of seven analysts for the quarter was for earnings of $1.03 per share. Wall Street expected results to range from 98 cents to $1.09 per share.
* Revenue rose 24.4% to $205.73 million from a year ago; analysts expected $199.10 million.
* Appfolio Inc's reported EPS for the quarter was 90 cents.
* The company reported quarterly net income of $33.01 million.
* Appfolio Inc shares had fallen by 18.4% this quarter and gained 10.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 0.6% 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 6 "strong buy" or "buy," no "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 $265.00 This summary was machine generated from LSEG data October 27 at 03:42 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 1.03 1.29 Beat
Jun. 30 2024 0.96 1.12 Beat
Mar. 31 2024 0.89 1.06 Beat
Dec. 31 2023 0.72 0.88 Beat
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