RealPage (RP) Tops Q1 EPS by 1c

RealPage (NASDAQ: RP) reported Q1 EPS of $0.22, $0.01 better than the analyst estimate of $0.21. Revenue for the quarter came in at $152.9 million versus the consensus estimate of $152.31 million.

GUIDANCE:

The company is removing LRO® (Lease Rent Options) from its outlook until the closing date can be determined. The LRO acquisition is subject to standard closing conditions, including the completion of the Hart-Scott-Rodino antitrust review process. Previous full-year guidance issued with first quarter 2017 financial results assumed an LRO closing date of April 1, 2017 and included non-GAAP total revenue of $30.0 million, adjusted EBITDA of $8.3 million and non-GAAP net income per diluted share of $0.01.

RealPage sees Q2 2017 EPS of $0.22-$0.23, versus the consensus of $0.22. RealPage sees Q2 2017 revenue of $158.1-160.1 million, may not compare to the consensus of $165.3 million.

RealPage sees FY2017 EPS of $0.88-$0.92, versus the consensus of $0.93. RealPage sees FY2017 revenue of $640.2-649.2 million, may not compare to the consensus of $675.09 million.

For earnings history and earnings-related data on RealPage (RP) click here.

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