RealPage, Inc. (NASDAQ:RP) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
RealPage, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 27.27% to $0.14 in the quarter versus EPS of $0.11 in the year-earlier quarter.
Revenue: Rose 19.94% to $94.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: RealPage, Inc. reported adjusted EPS income of $0.14 per share. By that measure, the company missed the mean analyst estimate of $0.14. It beat the average revenue estimate of $94.27 million.
Quoting Management: “RealPage delivered another quarter of solid financial performance, demonstrating the broad-based acceptance of the RealPage suite of software solutions and services,” said Steve Winn, Chairman and CEO of RealPage. “Every product family expanded and we are now serving over 8.6 million units with one or more of our solutions. We expect RealPage will continue to expand market share by delivering SaaS solutions that enable property owners and managers to outperform their peers.”
Key Stats (on next page)…
Revenue increased 6.2% from $88.98 million in the previous quarter. EPS increased 7.69% from $0.13 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.15 and has not changed. For the current year, the average estimate is a profit of $0.59, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)