RealPage Inc. revised its 2017 outlook, now expecting non-GAAP total revenue of $661.0 million to $667.0 million, compared with its previous estimate of $643.0 million and $652.0 million.
The company expects adjusted EBITDA to be in the range of $159.0 million to $163.0 million, compared with its previous forecast of $156.0 million to $160.0 million.
The company continues to expect GAAP net income per share for 2017 in the range of 31 cents to 35 cents. Non-GAAP net income per share is projected to be between 89 cents and 93 cents, up from the company's prior estimate in the range of 88 cents to 92 cents.
The S&P Capital IQ consensus normalized EPS estimate for the year is 92 cents.
The company's outlook excludes the effects of its proposed acquisition of Lease Rent Options.
For the third quarter, the company expects GAAP net income per share of between 5 cents and 6 cents, non-GAAP net income per share in the range of 23 cents to 24 cents and non-GAAP total revenue of between $172.0 million and $174.0 million.
The S&P Capital IQ consensus normalized EPS estimate for the quarter is 23 cents.
RealPage also reported second-quarter net income of $6.2 million, or 8 cents per share, compared with net income of $2.1 million, or 3 cents per share, in the year-ago quarter. Non-GAAP net income came in at $18.5 million, or 23 cents per share, versus $13.9 million, or 18 cents per share, in the prior-year quarter.
The S&P Capital IQ consensus normalized EPS estimate for the quarter was 22 cents.