RealPage Reports Fourth Quarter and Full Year 2018 Financial Results
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RealPage (RP) PT Raised to $64 at RBC Capital
February 26, 2019 6:34 AM ESTRBC Capital analyst Matthew Hedberg raised the price target on RealPage (NASDAQ: RP) to $64.00 (from $62.00) while maintaining a Outperform rating following results.
The analyst commented, "Fundamentals remain strong but a greater proportion of platform sales and strong bookings created some implementation challenges... More
RealPage (RP) Tops Q4 EPS by 1c, Revenues Miss; Offers Q1 & FY19 EPS/Revenue Guidance
February 25, 2019 4:06 PM ESTRealPage (NASDAQ: RP) reported Q4 EPS of $0.39, $0.01 better than the analyst estimate of $0.38. Revenue for the quarter came in at $227 million versus the consensus estimate of $229.09 million.
Our 2018 financial performance was impressive, said Steve Winn, Chairman and CEO of RealPage. The strong financial performance reflects continued execution of our strategy to emphasize strategic platform sales over the sales of individual products. Our new Unity Platform makes this much easier and we are experiencing significant success with suite sales achieving another record high new sales bookings level for the fourth quarter and the full year.
2018 financial... More
