Core Viewpoint - Angi Inc. is expected to report a decline in revenues and mixed earnings results for the third quarter of 2024, reflecting ongoing challenges in user engagement and service requests [3][6][7]. Revenue Estimates - The Zacks Consensus Estimate for revenues is $295.9 million, indicating a 20.42% decline year-over-year [3]. - Domestic Ads and Leads revenues are estimated at $240 million, reflecting a 17.8% year-over-year decline [6]. - Domestic Service revenues are projected at $23.94 million, showing a 20.2% decline year-over-year [7]. - International revenues are expected to be $32.04 million, indicating a growth of 9.4% year-over-year [10]. Earnings Estimates - The earnings estimate is pegged at breakeven, an improvement from a loss of 1 cent in the same period last year [3]. - Angi delivered an earnings surprise of 200% in the last reported quarter, with an average surprise of 129.17% over the trailing four quarters [4]. Operational Factors - The company's performance is impacted by lower service requests and a reduction in sales and marketing spend, which may have affected user experience enhancements [6]. - Angi has optimized its sales force to improve retention and service quality, which is expected to drive profitability in the long term [7]. - The integration of online enrollment for service professionals aims to attract high-quality professionals and reduce acquisition costs [8]. Market Performance - Year-to-date, Angi's stock has returned 1.6%, underperforming the Zacks Computer and Technology sector's return of 28.5% [11]. - The stock trades at a forward 12-month P/S ratio of approximately 1.06, indicating a discounted valuation compared to the broader Zacks Internet - Content industry [13][14]. Strategic Outlook - Angi operates in the growing home services marketplace, with a focus on service provider subscriptions and consumer connection fees [15]. - The shift towards a fixed-price services model could enhance monetization, although margin pressures remain a concern [15]. - Key metrics to monitor include service provider acquisition costs, user engagement rates, and stability of the take rate [15]. Conclusion - Given the ongoing operational transformation and market uncertainties, a cautious approach is recommended, with a focus on fixed-price services growth and consumer demand trends [17].

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...

Angi (ANGI) shares have gained 2.5% year to date, outperforming the broader Zacks Computer and Technology sector’s decline of 1.7%. It has also outperformed Zacks Internet – Content industry and peers like DHI Group (DHX) , Tencent Music Entertainment Group (TME) , and Shutterstock (SSTK) . Over the same time frame, shares of DHI Group, Tencent Music Entertainment Group and Shutterstock have declined 14.8%, 23% and 28.3%, respectively, while the industry has appreciated 0.3%.This outperformance can be attri ...

DENVER, Oct. 16, 2024 (GLOBE NEWSWIRE) -- After the close of market trading on Monday, November 11, 2024, Angi Inc. (NASDAQ: ANGI) will post its third quarter results at ir.angi.com/quarterly-earnings. On Tuesday, November 12, 2024, at 8:30 a.m. ET, Angi Inc. and IAC will host a conference call to answer questions regarding the companies’ respective third quarter results. The live audiocast and replay will be open to the public through the investor relations section of the Angi site at ir.angi.com/quarterly ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tri ...

NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) -- With fall officially here, homeowners are getting ready for cooler temperatures, wet weather, and falling leaves. Now is the perfect time to tackle important home maintenance tasks to ensure a smooth transition into winter. Angie Hicks, Co-Founder of Angi (formerly Angie's List), recently teamed up with D S Simon Media for a nationwide satellite media tour to share her top fall home maintenance tips. Prepare Now, Save Later The crisp fall air makes it easier to co ...

BETHESDA, Md., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ: LQDT), a leading global commerce company powering the circular economy, today announced the sealed bid auction of energy surplus assets for a leading integrated oil and gas partner. Three unused, uninstalled ANGI compressed natural gas (CNG) refueling stations are currently available until 6:00 pm EDT on September 12, 2024 on AllSurplus.com, the leading online marketplace for surplus business assets. “This is a unique opportunity f ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase ...

Angi Inc. (NASDAQ:ANGI) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Christopher Halpin - EVP, CFO & COO Joey Levin - CEO of IAC Inc. Jeff Kipp - CEO of Angi Inc. Conference Call Participants Ross Sandler - Barclays Cory Carpenter - JP Morgan Eric Sheridan - Goldman Sachs John Blackledge - TD Cowen Jason Helfstein - Oppenheimer Youssef Squali - Truist Nick Jones - Citizens JMP Brent Thill - Jefferies Yugal Arouninan - Citigroup Tom Champion - Piper Sandler Operator Good da ...

Table of Contents As filed with the Securities and Exchange Commission on August 7, 2024 | --- | --- | |--------------------------------------------------------------------------|------------| | UNITED STATES SECURITIES AND EXCHANGE Washington, D.C. 20549 | COMMISSION | | | FORM 10-Q | ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1 ...