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RealPage Q1 Profit Meets Estimate; Lifts Lower End Of FY13 Adj. Revenue Outlook

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

RealPage, Inc. (RP) reported net income for the first quarter of $1.0 million, or $0.01 per share, compared to $1.7 million, or $0.02 per share, for the year-ago quarter.

Excluding items, adjusted net income for the latest first quarter was $9.98 million, or $0.13 per share, up from $7.64 million or $0.10 per share in the comparable quarter last year.

Total revenue for the fourth quarter rose to $88.98 million from $74.42 million a year ago.

On average, ten analysts polled by Thomson Reuters expected the company to earn $0.13 per share on revenue of $88.88 million for the first quarter. Analysts' estimates typically exclude special items.

Looking forward to the second quarter, the company forecast adjusted revenue of $93.5 million to $95.0 million and adjusted earnings of $10.1 million to $10.7 million, or $0.13 to $0.14 per share. Analysts currently expect the company to earn $0.14 per share on revenue of $94.38 million for the second quarter.

For the calendar year 2013, the company forecast adjusted revenue of $384.0 million to $390.0 million and adjusted earnings of $43.9 million to $45.7 million, or $0.57 to $0.60 per share. Analysts currently expect the company to earn $0.59 per share on revenue of $385.57 million for the full year 2013.

Earlier, the company expected adjusted revenue of $382.0 million to $390.0 million for the full year 2013.

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