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 30% to $0.13 in the quarter versus EPS of $0.10 in the year-earlier quarter.
Revenue: Rose 19.59% to $89 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: RealPage, Inc. reported adjusted EPS income of $0.13 per share. By that measure, the company met the mean analyst estimate of $0.13. It beat the average revenue estimate of $88.88 million.
Quoting Management: “We continued to deliver consistent on demand revenue growth above 20% while expanding Adjusted EBITDA margins,” said Steve Winn, Chairman and CEO of RealPage. “We are particularly pleased with 15% unit expansion compared to last year and across the board better adoption of our solutions. During the quarter, we completed two small acquisitions which should increase the footprint of our multichannel marketing solutions as well as the senior living solutions that we currently offer. We expect customers will continue to migrate to our robust platform of software and software-enabled services, which we believe are the most integrated and most comprehensive solutions in the industry.”
Key Stats (on next page)…