Angi (NASDAQ:ANGI) Posts Earnings Results, Misses Estimates By $0.08 EPS

Key Points

• Angi reported quarterly EPS of $0.03, missing the $0.11 consensus estimate by $0.08. Revenue was $242.02 million, slightly below the $242.35 million estimate.
• The stock fell 2.6% to $5.64 during Tuesday trading. Angi reported a negative net margin of 22.35% and return on equity of 1.52%.
• Analysts’ consensus rating is Hold, with an average price target of $10.57; ratings included two Buys, six Holds, and two Sells.

Angi (NASDAQ:ANGI - Get Free Report) announced its earnings results on Tuesday. The technology company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08), FiscalAI reports. The company had revenue of $242.02 million during the quarter, compared to the consensus estimate of $242.35 million. Angi had a negative net margin of 22.35% and a positive return on equity of 1.52%.

Angi Trading Down 2.6%

ANGI traded down $0.15 during trading on Tuesday, hitting $5.64. The company's stock had a trading volume of 755,134 shares, compared to its average volume of 1,033,728. Angi has a twelve month low of $4.26 and a twelve month high of $14.58. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The stock's fifty day moving average price is $5.60 and its 200-day moving average price is $6.80. The firm has a market capitalization of $228.14 million, a P/E ratio of -1.02 and a beta of 1.71.

Wall Street Analyst Weigh In

Several research firms have issued reports on ANGI. The Goldman Sachs Group set a $6.00 price target on shares of Angi and gave the stock a "neutral" rating in a report on Monday, July 13th. Wall Street Zen cut shares of Angi from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Truist Financial set a $10.00 price objective on shares of Angi and gave the stock a "buy" rating in a research report on Thursday, August 6th. Weiss Ratings reissued a "sell (d)" rating on shares of Angi in a research note on Monday, September 21st. Finally, UBS Group set a $14.00 target price on shares of Angi in a report on Thursday, September 24th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Angi has a consensus rating of "Hold" and an average target price of $10.57.

Angi Company Profile

Angi Inc NASDAQ: ANGI operates a digital marketplace that connects homeowners with professionals who provide home improvement, maintenance and repair services. Through its online and mobile platforms, the company helps consumers find, compare and contact service providers for projects ranging from remodeling and landscaping to plumbing, electrical work and cleaning.

Angi's business includes consumer-facing brands and services such as Angi and HomeAdvisor, as well as the Angi Leads and Angi Services offerings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.