AppFolio (APPF) Laps the Stock Market: Here's Why

Company Performance - AppFolio (APPF) stock closed at $216.99, reflecting a +1.96% increase compared to the previous day, outperforming the S&P 500's daily gain of 1.08% [1] - Over the past month, AppFolio's stock has increased by 0.1%, contrasting with the Computer and Technology sector's decline of 13.17% and the S&P 500's decline of 8.26% [1] Upcoming Financial Results - AppFolio is expected to report an EPS of$ 1.23, which represents a 17.14% increase from the prior-year quarter [2] - The consensus estimate for revenue is $221.56 million, indicating an 18.21% increase from the prior-year quarter [2] Full-Year Estimates - The full-year Zacks Consensus Estimates project earnings of$ 5.37 per share and revenue of $940.44 million, reflecting year-over-year changes of +22.88% and +18.41%, respectively [3] Analyst Estimates and Market Sentiment - Recent modifications to analyst estimates for AppFolio indicate positive sentiment regarding the company's business operations and profit generation capabilities [4] - Changes in estimates are correlated with near-term stock prices, suggesting that upward revisions may lead to stock price increases [5] Zacks Rank and Valuation - AppFolio currently holds a Zacks Rank of 3 (Hold), with a Forward P/E ratio of 39.62, which is a premium compared to the industry's average Forward P/E of 27.36 [6] - The Internet - Software industry, which includes AppFolio, has a Zacks Industry Rank of 82, placing it in the top 33% of over 250 industries [7]