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RealPage -17.1% AH on Q2 warning

  • RealPage (NASDAQ:RP) expects Q2 revenue of $93.8M-$94.8M, far below a $107.2M consensus. Adjusted EBITDA is expected to be in a range of $11.5M-$12.5M vs. prior guidance of $25M-$25.5M.
  • The company mostly blames weak demand for products/services related to leasing activity. RealPage believes "owners are spending less in marketing and advertising due to low vacancy and resident turnover rates."
  • In addition, revenue tied to RealPage's renter's insurance solutions business "declined significantly."
  • Full Q2 results arrive on Aug. 4.
Comments (1)
  • Tippydog
    , contributor
    Comments (1796) | Send Message
     
    This company sure seems to have trouble making 2 quarters in a row.

     

    Disappointing.

     

    Yet it is a cloud software company that leads in its market.

     

    This company should be sold. Probably would find ready buyers.

     

    Time for them to pay attention to that opportunity.
    17 Jul, 07:06 PM Reply Like
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