Angi Inc reports results for the quarter ended September 30 - Earnings Summary

Angi

12/11/2024 03:43

* Angi Inc  ANGI.OQ  reported quarterly adjusted earnings of
7
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -1 cents.  The mean expectation of nine analysts for the
quarter was for breakeven results per share. Wall Street
expected results to range from -1 cents to 1 cents per share.
    * Revenue fell 20.2% to $296.72 million from a year ago;
analysts
expected $296.52 million. 
    * Angi Inc's reported EPS for the quarter was 7 cents​.
    * The company reported quarterly net income of $35.16
million.
    * Angi Inc shares had fallen by 2.7% this quarter and
gained 0.8%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 100%
in the last three months.​ 
    * 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," 3
"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 November 12 at
03:42 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
 Sep. 30 2024      0.00           0.07           Beat
 Jun. 30 2024      -0.02          0.01           Beat
 Mar. 31 2024      -0.01          0.00           Beat
 Dec. 31 2023      -0.02          -0.01          Beat