ANGI Homeservices Inc. (NASDAQ:ANGI) HomeAdvisor digital marketplace service provider, is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.01 per share.
For the full year, analysts predict revenues of $ 1468.28 million, while looking forward to income of $ 0.01 per share.
Previous Quarter Performance
ANGI Homeservices Inc. posted income for the second quarter of $ 0.02 per share, from the revenue of $ 375.06 million. The quarterly earnings improved 100.00 percent while revenues swell 6.79 percent compared with the same quarter last year.
According to street consensus, ANGI was expected to report 2Q20 loss of $ 0.01 per share from revenue of $ 363.44 million. The bottom line results beat street analysts by $ 0.03 or 300.00 percent, at the same time, top line results outshined analysts by $ 11.62 million or 3.20 percent.
Stock Performance
Shares of ANGI Homeservices Inc. traded up $ 0.54 or 4.92 percent on Wednesday, reaching $ 11.51 with volume of 2.04 million shares. ANGI Homeservices Inc. has traded high as $ 11.70 and has cracked $ 11.01 on the downward trend
The closing price of $ 11.51, representing a 167.56 % increase from the 52 week low of $ 4.10 and a 35.66 % decrease over the 52 week high of $ 17.05.
The company has a market capital of $ 5.71 billion and is part of the Technology sector and Internet Content & Information industry.
Recent Analyst recommendations
- On 25th September 2020, initiated by Piper Sandler at Neutral rating, with $ 12.00 target price.
- On 15th September 2020, initiated by KeyBanc at Overweight rating, with $ 15.00 target price.
ANGI Homeservices Inc. operates a digital marketplace for home services, connecting millions of homeowners with home service professionals in North America and Europe. Its HomeAdvisor digital marketplace service connects consumers with service professionals for home repair, maintenance, and improvement projects, as well as provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals.
