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

Angi

07/08/2024 09:31

* Angi Inc  ANGI.OQ  reported quarterly adjusted earnings of
1
cent​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -3
cents.  The mean expectation of eight analysts for the quarter
was for a loss of 2 cents per share. Wall Street expected
results to range from -10 cents tozero cents per share.
    * Revenue fell 16% to $315.13 million from a year ago;
analysts
expected $304.11 million. 
    * Angi Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $3.76
million.
    * Angi Inc shares had risen by 2.9% this quarter and
lost 20.7% so
far this year.

FORECAST CHANGES
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"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 $3.25
This summary was machine generated from LSEG data August 7 at
08:31 a.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
 Jun. 30 2024      -0.02          0.01           Beat
 Mar. 31 2024      -0.01          0.00           Beat
 Dec. 31 2023      -0.02          -0.01          Beat
 Sep. 30 2023      -0.03          -0.01          Beat