AppFolio, Inc. (NASDAQ:APPF) 2Q20 Earnings Sneak Preview

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AppFolio, Inc. (NASDAQ:APPF) is set to announce second quarter earning results on Monday 3rd August 2020, after market close.

Analysts surveyed by Thomson Reuters are predicting, APPF to report 2Q20 income of $ 0.13 per share.

For the full year, analysts anticipate top line of $ 315.59 million, while looking forward to income of $ 0.50 per share bottom line.

The Company Outlook

Full Year 2020 topline are forecasted in a range of$ 312.00 million ~ $ 320.00 million

Click Here For More Historical Outlooks Of AppFolio, Inc.

Previous Quarter Performance

AppFolio, Inc. reported income for the first quarter of $ 0.06 per share, from the revenue of $ 72.50 million. The quarterly earnings decreased 45.45 percent while revenues elevated 26.99 percent compared with the same quarter last year. The consensus estimates are $ 72.43 million in revenue The top line results outshined analysts by $ 0.07 million or 0.10 percent.

Historical Earnings Performance
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Click Here For More Historical Earnings Of AppFolio, Inc.

Stock Performance

According to the previous trading day, closing price of APPF was $ 139.22, representing a 71.86 % increase from the 52 week low of $ 81.01 and a 22.9 % decrease over the 52 week high of $ 180.56.

The company has a market capital of $ 4.77 billion and is part of the Technology sector and Software – Application industry.

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Conference Call

AppFolio, Inc. will be hosting a conference call at 4:30 PM eastern time on 3rd August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.appfolioinc.com

AppFolio, Inc. provides industry-specific cloud-based software software solutions, services, and data analytics for small and medium-sized businesses in the property management and legal industries. The company offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses.