Why RealPage Shares Popped
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of RealPage have popped today by as much as 12% after the company reported earnings.
So what: Adjusted revenue of $94.5 million topped the consensus estimate of $94.3 million. The adjusted earnings per share of $0.14 was right on target with expectations. However, guidance impressed investors.
Now what: Next quarter should see adjusted sales of $99 million to $100 million, with adjusted earnings per share of $0.15 to $0.16. For the full year, non-GAAP revenue is forecast at $385 million to $390 million, putting the midpoint ahead of the $386 million that the Street is modeling for. CEO Steve Winn said that every product family expanded, and RealPage's portfolio is seeing broad acceptance.
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The article Why RealPage Shares Popped originally appeared on Fool.com.Fool contributor Evan Niu, CFA, has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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