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

Angi (NASDAQ:ANGI) released its quarterly earnings data on Tuesday. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08), FiscalAI reports. Angi had a positive return on equity of 0.49% and a negative net margin of 23.85%. The business had revenue of $242.02 million for the quarter, compared to analyst estimates of $242.35 million.

Angi Trading Down 0.8%

NASDAQ ANGI traded down $0.05 on Thursday, hitting $6.79. 67,859 shares of the stock were exchanged, compared to its average volume of 1,040,920. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. Angi has a 52-week low of $4.26 and a 52-week high of $14.58. The firm has a market capitalization of $274.49 million, a P/E ratio of -1.19 and a beta of 1.72. The stock has a fifty day moving average price of $5.65 and a two-hundred day moving average price of $6.74.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Citizens Jmp reissued a “market perform” rating on shares of Angi in a report on Monday, July 13th. JPMorgan Chase & Co. initiated coverage on shares of Angi in a report on Friday, September 11th. They issued an “underweight” rating for the company. The Goldman Sachs Group set a $6.00 price objective on shares of Angi and gave the company a “neutral” rating in a research note on Monday, July 13th. Weiss Ratings restated a “sell (d)” rating on shares of Angi in a report on Monday, September 21st. Finally, Truist Financial set a $10.00 target price on shares of Angi and gave the stock a “buy” rating in a report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Angi currently has a consensus rating of “Hold” and a consensus price target of $10.57.

Key Headlines Impacting Angi

Here are the key news stories impacting Angi this week:

• Positive Sentiment: Angi expects $40 million–$50 million in operating-expense savings and $10 million less in capital spending, and is targeting meaningfully higher EBITDA less CapEx in 2027. The savings could support margins, though execution will be key. Article: Angi expects cost savings and higher 2027 EBITDA less CapEx
• Positive Sentiment: Angi’s marketplace is now available through Google Search’s AI Mode, potentially improving how customers discover and connect with home-service professionals. Article: Angi leads home services into AI search with Google
• Positive Sentiment: Angi partnered with Paradigm Vendo to give home-improvement professionals access to digital sales and quoting tools, adding capabilities for service providers on its platform. Article: Paradigm Vendo partners with Angi
• Negative Sentiment: Third-quarter adjusted earnings were $0.03 per share, below the $0.11 consensus cited in the results coverage and down from $0.23 a year earlier. Revenue of $242.02 million also narrowly missed expectations. The earnings shortfall is a near-term pressure point. Article: Angi lags Q3 earnings and revenue estimates
• Negative Sentiment: Investor concerns include a declining marketplace and persistent losses of service professionals and customers. One analysis argues layoffs and their expected savings may not reverse the underlying trend, and forecasts a 1% revenue decline in fiscal 2027. Article: Angi layoffs are a good first step, but not enough to save the business

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.