Preview: AppFolio's Earnings
Portfolio Pulse from Benzinga Insights
AppFolio (NASDAQ:APPF) is set to release its quarterly earnings on October 24, 2024. Analysts expect an EPS of $1.03. Investors are keen on not just an earnings beat but also positive future guidance. Despite a previous EPS beat, the stock dropped 10.85% last quarter. AppFolio has an 'Outperform' rating with a $300 price target, suggesting a 51.19% upside. The company leads in revenue growth and gross profit among peers but has the lowest return on equity.
October 23, 2024 | 9:01 pm
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AppFolio is expected to release its earnings with an anticipated EPS of $1.03. Investors are looking for not just an earnings beat but also positive guidance. Despite a previous EPS beat, the stock dropped significantly, highlighting the importance of guidance. The stock has an 'Outperform' rating with a $300 price target, indicating a potential 51.19% upside.
AppFolio's upcoming earnings release is crucial as investors are not only looking for an EPS beat but also positive guidance. The stock's previous reaction to an EPS beat but negative price movement underscores the importance of guidance. The 'Outperform' rating and significant upside potential suggest positive sentiment, likely leading to a short-term price increase if expectations are met or exceeded.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100