Angi Inc reports results for the quarter ended in December - Earnings Summary

Angi

13/02/2024 23:34

* Angi Inc  ANGI.OQ  reported a quarterly adjusted loss of 1
cent​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -6
cents.  The mean expectation of ten analysts for the quarter was
for a loss of 2 cents per share. Wall Street expected results to
range from -4 cents to -1 cents per share.
    * Revenue fell 32% to $300.43 million from a year ago;
analysts
expected $310.01 million. 
    * Angi Inc's reported EPS for the quarter was a loss of 1
cent​.
    * The company reported a quarterly loss of $5.56 million.
    * Angi Inc shares had fallen by 0.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Angi Inc is $3.55
This summary was machine generated from LSEG data February 13 at
11:34 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.02          -0.01          Beat
 Sep. 30 2023      -0.03          -0.01          Beat
 Jun. 30 2023      -0.02          -0.03          Missed
 Mar. 31 2023      -0.06          -0.03          Beat