Angi earnings: what to look for from ANGI

What happened

Angi, the home services online marketplace, is scheduled to report earnings Tuesday after the market closes. Last quarter, revenue was $248 million, down 10.9% from a year earlier and below analysts’ expectations, while EBITDA, a measure of operating earnings, beat estimates.

Confirmed

Global impact / market context

The upcoming results will show whether Angi’s revenue decline is easing as analysts expect. Revenue growth affects the money available to cover operating costs and invest in the business; another shortfall could therefore challenge expectations, while stronger results could support confidence in its ability to stabilize.

Analyst inference

Analysts expect revenue to fall 8.6% year on year, versus a 10.5% decline in the comparable quarter last year, and generally left estimates unchanged recently. Peer results were mixed: Fiverr beat revenue expectations despite a decline, while DoorDash reported growth and beat estimates.

Confirmed

What to watch

1. Compare reported revenue with the expected 8.6% year-on-year decline; the result will indicate whether the slowdown is easing or remaining worse than analysts forecast. Analyst inference
2. Check whether Angi beats or misses revenue estimates, given its record of multiple misses over the last two years and its prior-quarter shortfall. Analyst inference
3. Review EBITDA, a measure of operating earnings, alongside revenue to see whether cost control can offset weaker sales, as it did in the previous quarter. Analyst inference

Evidence

• stockstory.org