Angi Inc. (NASDAQ:ANGI) Expected to Announce Earnings of -$0.06 Per Share

Wall Street analysts expect Angi Inc. (NASDAQ:ANGI) to post earnings of ($0.06) per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Angi’s earnings, with estimates ranging from ($0.10) to $0.00. Angi posted earnings per share of $0.01 during the same quarter last year, which indicates a negative year over year growth rate of 700%. The firm is scheduled to issue its next earnings results on Thursday, November 4th.

On average, analysts expect that Angi will report full-year earnings of ($0.15) per share for the current year, with EPS estimates ranging from ($0.25) to ($0.01). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.12) per share, with EPS estimates ranging from ($0.31) to $0.08. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Angi.

Angi (NASDAQ:ANGI) last issued its earnings results on Wednesday, August 4th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The firm had revenue of $420.99 million during the quarter, compared to the consensus estimate of $423.45 million. Angi had a negative return on equity of 3.06% and a negative net margin of 2.46%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 EPS.

Several research analysts recently weighed in on ANGI shares. Zacks Investment Research downgraded shares of Angi from a “hold” rating to a “sell” rating in a report on Thursday, August 5th. Royal Bank of Canada dropped their price objective on shares of Angi from $15.00 to $14.00 and set a “sector perform” rating for the company in a report on Friday, August 6th. TheStreet downgraded shares of Angi from a “c-” rating to a “d” rating in a report on Thursday, August 5th. Truist dropped their price objective on shares of Angi from $16.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 6th. Finally, Citigroup dropped their price objective on shares of Angi from $19.00 to $16.00 and set a “buy” rating for the company in a report on Monday, August 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $15.21.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Parnassus Investments CA raised its position in shares of Angi by 8.0% during the 1st quarter. Parnassus Investments CA now owns 11,453,616 shares of the technology company’s stock valued at $148,897,000 after buying an additional 850,347 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Angi by 111.9% during the 1st quarter. Brown Advisory Inc. now owns 7,086,524 shares of the technology company’s stock valued at $92,125,000 after buying an additional 3,742,285 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Angi by 2.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,435,839 shares of the technology company’s stock valued at $46,453,000 after buying an additional 94,340 shares in the last quarter. Bank of America Corp DE raised its position in shares of Angi by 2.4% during the 2nd quarter. Bank of America Corp DE now owns 2,584,117 shares of the technology company’s stock valued at $34,937,000 after buying an additional 59,579 shares in the last quarter. Finally, 683 Capital Management LLC raised its position in Angi by 9.6% in the 2nd quarter. 683 Capital Management LLC now owns 2,272,803 shares of the technology company’s stock worth $30,728,000 after purchasing an additional 200,000 shares during the period. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Angi stock traded down $0.02 during mid-day trading on Wednesday, hitting $11.66. The stock had a trading volume of 49,737 shares, compared to its average volume of 1,688,947. The firm has a market capitalization of $5.88 billion, a P/E ratio of -145.13 and a beta of 1.94. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average is $11.13 and its 200 day moving average is $13.41. Angi has a one year low of $9.28 and a one year high of $19.17.

About Angi

Angi, Inc is a holding company, which engages in the provision of digital marketplace for home services. It operates through the North America and Europe segments. It offers consumer services and professional services. The North America segment includes the operations HomeAdvisor, Angie’s List, Handy, mHelpDesk, HomeStars and Fixd Repair.

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Earnings History and Estimates for Angi (NASDAQ:ANGI)

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