AppFolio (APPF) closed at $260.32 in the latest trading session, marking a +1.45% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.82%. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq gained 1.77%.

Shares of the property management software maker witnessed a gain of 9.08% over the previous month, beating the performance of the Computer and Technology sector with its gain of 1.43% and the S&P 500's gain of 0.8%.

Analysts and investors alike will be keeping a close eye on the performance of AppFolio in its upcoming earnings disclosure. On that day, AppFolio is projected to report earnings of $0.96 per share, which would represent year-over-year growth of 9.09%. In the meantime, our current consensus estimate forecasts the revenue to be $200.01 million, indicating a 16.4% growth compared to the corresponding quarter of the prior year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.41 per share and a revenue of $790.55 million, representing changes of +157.89% and +27.42%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for AppFolio. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. AppFolio is currently sporting a Zacks Rank of #2 (Buy).

From a valuation perspective, AppFolio is currently exchanging hands at a Forward P/E ratio of 58.13. This signifies a premium in comparison to the average Forward P/E of 34.65 for its industry.

The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 33, finds itself in the top 14% echelons of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow APPF in the coming trading sessions, be sure to utilize Zacks.com.

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