Home services online marketplace ANGI (NASDAQ: ANGI) will be reporting earnings this Tuesday after the bell. Here’s what to look for.
Angi beat analysts’ revenue expectations by 6.5% last quarter, reporting revenues of $278.2 million, down 11.7% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ number of service requests estimates and a solid beat of analysts’ EBITDA estimates. It reported 4.56 million service requests, down 7.6% year on year.
Is Angi a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Angi’s revenue to decline 9.4% year on year to $268.8 million, improving from the 15.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.47 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Angi has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Angi’s peers in the consumer internet segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Carvana delivered year-on-year revenue growth of 54.5%, beating analysts’ expectations by 11.1%, and Coinbase reported revenues up 55.1%, topping estimates by 4.5%. Carvana traded down 13.8% following the results while Coinbase was up 4.4%.
Read our full analysis of Carvana’s results here and Coinbase’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the consumer internet stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.5% on average over the last month. Angi is down 13% during the same time and is heading into earnings with an average analyst price target of $23.38 (compared to the current share price of $13.80).
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