Zacks: Brokerages Expect ANGI Homeservices Inc. (ANGI) Will Announce Earnings of -$0.03 Per Share

Wall Street analysts forecast that ANGI Homeservices Inc. (NASDAQ:ANGI) will post earnings per share of ($0.03) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for ANGI Homeservices’ earnings, with the lowest EPS estimate coming in at ($0.04) and the highest estimate coming in at ($0.02). ANGI Homeservices reported earnings of $0.15 per share during the same quarter last year, which indicates a negative year over year growth rate of 120%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 21st.

On average, analysts expect that ANGI Homeservices will report full-year earnings of ($0.23) per share for the current financial year. For the next fiscal year, analysts anticipate that the company will report earnings of $0.10 per share, with EPS estimates ranging from $0.08 to $0.12. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for ANGI Homeservices.

ANGI Homeservices (NASDAQ:ANGI) last released its earnings results on Wednesday, November 8th. The technology company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.18). The firm had revenue of $181.70 million for the quarter, compared to the consensus estimate of $184.47 million. ANGI Homeservices had a negative return on equity of 25.20% and a negative net margin of 17.04%. The company’s revenue was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.28) EPS.

ANGI has been the subject of a number of recent research reports. Oppenheimer restated an “outperform” rating and set a $14.00 target price on shares of ANGI Homeservices in a research report on Thursday, October 5th. Wells Fargo & Co upgraded ANGI Homeservices from a “market perform” rating to an “outperform” rating and set a $14.00 target price for the company in a research report on Thursday, October 19th. BidaskClub downgraded ANGI Homeservices from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Zacks Investment Research upgraded ANGI Homeservices from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Wednesday, November 1st. Finally, Goldman Sachs Group initiated coverage on ANGI Homeservices in a research report on Wednesday, October 11th. They set a “buy” rating and a $14.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.39.

ANGI Homeservices (NASDAQ:ANGI) traded down $0.17 during mid-day trading on Friday, hitting $12.61. The stock had a trading volume of 298,537 shares, compared to its average volume of 548,795. The company has a market capitalization of $800.75 and a P/E ratio of -106.32. ANGI Homeservices has a 12 month low of $10.24 and a 12 month high of $13.74. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.08.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TD Asset Management Inc. increased its holdings in ANGI Homeservices by 9.8% in the third quarter. TD Asset Management Inc. now owns 201,253 shares of the technology company’s stock valued at $2,508,000 after purchasing an additional 18,000 shares during the last quarter. State Street Corp increased its holdings in ANGI Homeservices by 6.5% in the second quarter. State Street Corp now owns 766,698 shares of the technology company’s stock valued at $9,803,000 after purchasing an additional 47,008 shares during the last quarter. Stephens Investment Management Group LLC increased its holdings in ANGI Homeservices by 2,069.8% in the third quarter. Stephens Investment Management Group LLC now owns 2,019,753 shares of the technology company’s stock valued at $25,166,000 after purchasing an additional 1,926,670 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in ANGI Homeservices by 76.8% in the second quarter. Parametric Portfolio Associates LLC now owns 21,808 shares of the technology company’s stock valued at $279,000 after purchasing an additional 9,472 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in ANGI Homeservices in the second quarter valued at about $1,407,000. Institutional investors and hedge funds own 68.65% of the company’s stock.

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ANGI Homeservices Company Profile

ANGI Homeservices Inc is focused on creating digital marketplace for home services, connecting homeowners across the globe with home service professionals. The Company operates 10 brands including Angie’s List, HomeAdvisor, HomeStars, Instapro, MyBuilder, MyHammer, Travaux, Werkspot, CraftJack and mHelpDesk.

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