For the quarter ended March 2024, Angi (ANGI) reported income of $305.39 million, down 22.2% over the identical interval final 12 months. EPS got here in at $0.00, in comparison with -$0.03 within the year-ago quarter.
The reported income represents a shock of +2.56% over the Zacks Consensus Estimate of $297.78 million. With the consensus EPS estimate being -$0.01, the EPS shock was +100.00%.
Whereas buyers scrutinize income and earnings modifications year-over-year and the way they examine with Wall Road expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers venture a inventory’s worth efficiency extra precisely.
Right here is how Angi carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Income- Worldwide: $35.40 million versus the two-analyst common estimate of $33.21 million.
- Income- Complete Home: $270 million in comparison with the $282.38 million common estimate primarily based on two analysts.
- Income- Complete Home- Providers: $20.50 million in comparison with the $20.77 million common estimate primarily based on two analysts.
- Income- Complete Home- Advertisements and Leads: $249.60 million versus $243.81 million estimated by two analysts on common.
- Adjusted EBITDA- Complete Home- Company: -$11.90 million versus the two-analyst common estimate of -$11.46 million.
- Adjusted EBITDA- Complete Home- Providers: $0 million versus the two-analyst common estimate of $3.41 million.
- Adjusted EBITDA- Complete Home- Advertisements and Leads: $41.20 million versus the two-analyst common estimate of $35.31 million.
View all Key Company Metrics for Angi here>>>
Shares of Angi have returned +10.9% over the previous month versus the Zacks S&P 500 composite’s -0.4% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it might carry out according to the broader market within the close to time period.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
