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RealPage revises FY'16 outlook, issues Q2 guidance

RealPageInc. revised a portion of its 2016 , now expecting adjusted EBITDAto be about $120.0 million to $124.0 million, versus its previous estimate of$118.0 million to $123.0 million.

Non-GAAP net income per share should be about 70 cents to 73cents, versus its previous estimate of 68 cents to 72 cents. However, thecompany continues to expect non-GAAP total revenue of $565.0 million to $575.0 million,according to a May 4 news release.

For the second quarter, the company anticipates non-GAAPtotal revenue of $140.5 million to $142.5 million. Adjusted EBITDA should beabout $29.0 million to $30.0 million, while non-GAAP net income per share is expectedto be approximately 17 cents.

The S&P Capital IQ consensus normalized EPS estimate forthe second quarter is 17 cents, and 71 cents for full year 2016.

RealPage reported first-quarter net income of $3.0 million,or 4 cents per share, compared with a net loss of $1.6 million, or 2 cents pershare, in the prior-year period. Non-GAAP net income was $12.7 million, or 17cents per share, compared with $8.9 million, or 11 cents per share, a yearearlier.

The S&P Capital IQ consensus normalized EPS estimate forthe first quarter was 16 cents.