AppFolio (APPF) Suffers a Larger Drop Than the General Market: Key Insights

Company Performance - AppFolio (APPF) closed at $223.31, reflecting a -1.68% change from the previous day, which is less than the S&P 500's daily loss of 0.96% [1] - The stock has increased by 1.88% over the past month, underperforming compared to the Computer and Technology sector's gain of 7.35% and the S&P 500's gain of 4.3% [1] - The upcoming earnings disclosure is anticipated, with an expected EPS of $1.02, indicating a 72.88% growth year-over-year, and projected revenue of $198.52 million, up 20% from the previous year [1] Full Year Estimates - For the full year, the Zacks Consensus Estimates project earnings of $4.20 per share and revenue of $777.91 million, reflecting increases of +145.61% and +25.38% respectively from the prior year [2] - Changes in analyst estimates are crucial as they often indicate the company's business health and profitability outlook [2] Zacks Rank and Valuation - AppFolio currently holds a Zacks Rank of 3 (Hold), with no changes in the Zacks Consensus EPS estimate over the past month [3] - The company is trading at a Forward P/E ratio of 54.1, which is a premium compared to the industry's average Forward P/E of 30.53 [3] - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 74, placing it in the top 30% of over 250 industries [3]