RealPage Shares Got Crushed: What You Need to Know (RP)

RealPage Shares Got Crushed: What You Need to Know

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 property management software maker RealPage (Nasdaq: RP ) area getting crushed today, down by as much as 24%, after the company reported earnings last night.

So what: Revenue in the fourth quarter tallied up to $71.3 million, an increase of 32% over the prior year but short of the market's expectations. Earnings per share came out at $0.10, on target with consensus estimates.

Now what: Guidance came in light, with the upper end of its predicted range of $320 million-$330 million for the year barely catching up with the $329.4 million estimate. The bottom line forecast sang the same song, with the $0.46-$0.49 per share guidance hoping to compare to the $0.49 per share consensus. Yesterday, shares sank by 9% prior to the earnings release for no readily apparent reason, meaning that today's low represented a loss of 31% in just two days.

Interested in more info on RealPage? Add it to your watchlist by clicking here.

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

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Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. 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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