Earnings Preview: AppFolio
Portfolio Pulse from Benzinga Insights
AppFolio (NASDAQ:APPF) is scheduled to release its quarterly earnings report on January 25, 2024. Analysts predict an EPS of $0.72. Investors are looking for an earnings beat and positive guidance for the next quarter. AppFolio's stock has risen 54.75% over the past 52 weeks, trading at $180.55 as of January 23. Historical data shows that the company's stock price reacts positively to earnings beats and negatively to misses.
January 24, 2024 | 8:01 pm
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POSITIVE IMPACT
AppFolio is expected to report an EPS of $0.72 for the upcoming earnings. Past performance indicates a positive reaction to earnings beats. The stock has seen a significant 54.75% increase over the past year.
Given AppFolio's history of positive stock movement following earnings beats and the overall bullish sentiment indicated by the 54.75% annual growth, there is a high likelihood of a positive short-term impact if the company reports favorable earnings and guidance. However, the market's reaction can be unpredictable, and guidance will play a crucial role.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100