Angi Inc is a leading digital marketplace that connects homeowners with service professionals for various home improvement and repair projects. The company provides a platform where users can find and hire local contractors for services such as plumbing, landscaping, and remodeling. By offering customer reviews, ratings, and detailed service offerings, Angi aims to simplify the process of home project management while enhancing the overall customer experience. Through its innovative technology and extensive network of professionals, Angi Inc strives to empower homeowners to make informed decisions and to foster relationships between consumers and service providers.
Over the last six months, Angi’s shares have sunk to $1.84, producing a disappointing 18.6% loss - a stark contrast to the S&P 500’s 13.5% gain. This might have investors contemplating their next move.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Angi (NASDAQ:ANGI) and the best and worst performers in the gig economy industry.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at DoorDash (NYSE:DASH) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how gig economy stocks fared in Q3, starting with Upwork (NASDAQ:UPWK).
Shares of home services online marketplace ANGI (NASDAQ: ANGI)
fell 27.9% in the afternoon session after the company reported underwhelming third-quarter financial results, with sales roughly in line with Wall Street's estimates. Markets typically reward strong top-line beats, which means investors were likely unimpressed by the sales decline and in-line performance recorded during the quarter. Notably, key top-line growth indicators like service requests continued to decline year on year. However, the company performed impressively on the bottom line, with EBITDA exceeding estimates and making for a decent EPS beat. Overall, this was a mixed, but weaker quarter.
Home services online marketplace ANGI (NASDAQ: ANGI) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 15.5% year on year to $296.7 million. Its GAAP profit of $0.07 per share was 5,363% above analysts’ consensus estimates.
IAC considering spin-off of Angi Inc., a pioneer in home services. Angi's Q3 earnings beat estimates, with 20% decrease in sales compared to last year.
DENVER, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Angi Inc. (NASDAQ: ANGI) posted its third quarter financial results on the investor relations section of its website at ir.angi.com/quarterly-earnings. As announced previously, Angi Inc. and IAC will host a conference call to discuss both companies’ respective third quarter results and to answer questions. The call will be held on Tuesday, November 12, 2024, at 8:30 a.m. ET. Joey Levin, CEO of IAC and Chairman of Angi Inc., Jeffrey Kip, CEO of Angi Inc., and Christopher Halpin, Executive Vice President, CFO and COO of IAC, will participate.
Angi announced a series of management changes this week including the departure of senior vice president, chief accounting officer and controller of Angi Christopher Bohnert. Bohnert will resign from his role, effective Nov. 1. He will remain with the company for some time to assist with the transition period.
DENVER, Oct. 16, 2024 (GLOBE NEWSWIRE) -- After the close of market trading on Monday, November 11, 2024, Angi Inc. (NASDAQ: ANGI) will post its third quarter results at ir.angi.com/quarterly-earnings. On Tuesday, November 12, 2024, at 8:30 a.m. ET, Angi Inc. and IAC will host a conference call to answer questions regarding the companies’ respective third quarter results.
DENVER, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Angi Inc. (NASDAQ: ANGI) posted its second quarter financial results on the investor relations section of its website at ir.angi.com/quarterly-earnings. As announced previously, Angi Inc. and IAC will host a conference call to discuss both companies’ respective second quarter results and to answer questions. The call will be held on Wednesday, August 7, 2024, at 8:30 a.m. ET. Joey Levin, CEO of IAC and Chairman of Angi Inc., Jeffrey Kip, CEO of Angi Inc. and Christopher Halpin, Executive Vice President, CFO and COO of IAC, will participate.
DENVER, July 17, 2024 (GLOBE NEWSWIRE) -- After the close of market trading on Tuesday, August 6, 2024, Angi Inc. (NASDAQ: ANGI) will post its second quarter results at ir.angi.com/quarterly-earnings. On Wednesday August 7, 2024, at 8:30 a.m. ET, Angi Inc. and IAC will host a conference call to answer questions regarding the companies’ respective second quarter results.
DENVER, May 21, 2024 (GLOBE NEWSWIRE) -- Angi, a leading and comprehensive solution for improving and maintaining homes, today released its Skilled Trades in America Report. The report highlights a trend that stands in stark contrast to anxieties in many sectors: exceptionally high job satisfaction in the skilled trades industry.
DENVER, May 07, 2024 (GLOBE NEWSWIRE) -- Angi Inc. (NASDAQ: ANGI) posted its first quarter financial results on the investor relations section of its website at ir.angi.com/quarterly-earnings. As announced previously, Angi Inc. and IAC will host a conference call to discuss both companies’ respective first quarter results and to answer questions. The call will be held on Wednesday, May 8, 2024, at 8:30 a.m. ET. Joey Levin, CEO of IAC and Chairman of Angi Inc., Jeffrey Kip, CEO of Angi Inc. and Christopher Halpin, Executive Vice President, CFO and COO of IAC, will participate.
Angi expands partnership with trades job platform BlueRecruit and launches new scholarship program to raise awareness of the benefits of the trades and help close the labor gap
