AppFolio, Inc. (NASDAQ:APPF) is set to announce third quarter earning results on Monday 9th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, APPF to report 3Q20 income of $ 0.19 per share.
For the full year, analysts anticipate top line of $ 319.98 million, while looking forward to income of $ 0.93 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 312.00 million ~ $ 320.00 million
Click Here For More Historical Outlooks Of AppFolio, Inc.
Previous Quarter Performance
AppFolio, Inc. reported income for the second quarter of $ 0.54 per share, from the revenue of $ 81.04 million. The quarterly earnings fell 16.92 percent while revenues escalated 27.20 percent compared with the same quarter last year.
Wall street analysts are predicting, APPF to report 2Q20 income of $ 0.13 per share from revenue of $ 77.79 million. The bottom line results beat street analysts by $ 0.41 or 315.38 percent, at the same time, top line results outshined analysts by $ 3.25 million or 4.18 percent.
Stock Performance
On Friday, shares of AppFolio, Inc. has traded high as $ 166.10 and has cracked $ 158.78 on the downward trend, reaching $ 163.87 with volume of 103.10 thousand shares.
According to the previous trading day, closing price of $ 163.87, representing a 100.05 % increase from the 52 week low of $ 81.01 and a 10.25 % decrease over the 52 week high of $ 180.56.
The company has a market capital of $ 5.62 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 26th October 2020, initiated by Keefe, Bruyette & Woods at Market Perform rating, with $ 150.00 target price.
Conference Call
AppFolio, Inc. will be hosting a conference call at 4:30 PM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.appfolioinc.com
AppFolio, Inc. provides industry-specific cloud-based software software solutions, services, and data analytics for small and medium-sized businesses in the property management and legal industries. The company offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses.
