Home services online marketplace ANGI (NASDAQ: ANGI) will be announcing earnings results this Tuesday after the bell. Here’s what you need to know.
Angi missed analysts’ revenue expectations last quarter, reporting revenues of $240.8 million, down 10.1% year on year. It was a softer quarter for the company, with a slight miss of analysts’ revenue estimates and a slight miss of analysts’ EBITDA estimates.
Is Angi a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Angi’s revenue to decline 2.2% year on year, improving from the 19.5% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Angi has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Angi’s peers in the consumer internet segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Fiverr’s revenues decreased 1.6% year on year, beating analysts’ expectations by 1%, and Amazon reported revenues up 16.6%, topping estimates by 2.4%. Fiverr traded up 12.4% following the results while Amazon’s stock price was unchanged.
Read our full analysis of Fiverr’s results here and Amazon’s results here.
There has been positive sentiment among investors in the consumer internet segment, with share prices up 11.1% on average over the last month. Angi is up 9% during the same time and is heading into earnings with an average analyst price target of $14.29 (compared to the current share price of $7.65).
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