AppFolio (APPF) Tops Q2 Earnings and Revenue Estimates

分组1 - AppFolio reported quarterly earnings of $1.12 per share, exceeding the Zacks Consensus Estimate of $0.92 per share, and showing a significant increase from $0.23 per share a year ago, representing an earnings surprise of 21.74% [1] - The company achieved revenues of $197.38 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 4.81%, and up from $147.08 million year-over-year [1] - AppFolio has consistently outperformed consensus EPS and revenue estimates over the last four quarters [1] 分组2 - AppFolio shares have increased approximately 48.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 13.8% [2] - The company's earnings outlook is crucial for future stock performance, with current consensus EPS estimates at $0.97 for the coming quarter and $3.98 for the current fiscal year [4] - The Internet - Software industry, to which AppFolio belongs, is currently ranked in the top 40% of over 250 Zacks industries, indicating a favorable environment for stock performance [4]