Angi Inc reports results for the quarter ended June 30 - Earnings Summary

• Angi Inc ANGI.OQ reported quarterly adjusted earnings of 23 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of eight analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from -15 cents to 29 cents per share.

• Revenue fell 11.7% to $278.22 million from a year ago; analysts expected $261.87 million.

• Angi Inc's reported EPS for the quarter was 23 cents​.

• The company reported quarterly net income of $10.9 million.

• Angi Inc shares had risen by 2.7% this quarter and lost 5.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 15.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is "buy."

• Wall Street's median 12-month price target for Angi Inc is $20.00, about 21.7% above its last closing price of $15.67

This summary was machine generated from LSEG data August 6 at 05:18 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)