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 (RP) 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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