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Angi (ANGI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2024, Angi (ANGI - Free Report) reported revenue of $315.13 million, down 16% over the same period last year. EPS came in at $0.01, compared to -$0.03 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $305.06 million, representing a surprise of +3.30%. The company delivered an EPS surprise of +200.00%, with the consensus EPS estimate being -$0.01.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Angi performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- International
: $33.20 million versus $34.21 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +13.7% change.
Revenue- Total Domestic
: $281.90 million versus $270.85 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -18.5% change.
Revenue- Total Domestic- Services
: $24.60 million versus the two-analyst average estimate of $21.10 million. The reported number represents a year-over-year change of -17.7%.
Revenue- Total Domestic- Ads and Leads
: $257.30 million versus $249.60 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -12% change.
Adjusted EBITDA- Total Domestic- Ads and Leads
: $49 million versus $37.09 million estimated by two analysts on average.
Adjusted EBITDA- Total Domestic- Corporate
: -$13.90 million versus -$11.60 million estimated by two analysts on average.
Shares of Angi have returned +5.4% over the past month versus the Zacks S&P 500 composite's -6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Angi (ANGI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2024, Angi (ANGI - Free Report) reported revenue of $315.13 million, down 16% over the same period last year. EPS came in at $0.01, compared to -$0.03 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $305.06 million, representing a surprise of +3.30%. The company delivered an EPS surprise of +200.00%, with the consensus EPS estimate being -$0.01.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Angi performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Angi here>>>Revenue- International
: $33.20 million versus $34.21 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +13.7% change.Revenue- Total Domestic
: $281.90 million versus $270.85 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -18.5% change.Revenue- Total Domestic- Services
: $24.60 million versus the two-analyst average estimate of $21.10 million. The reported number represents a year-over-year change of -17.7%.Revenue- Total Domestic- Ads and Leads
: $257.30 million versus $249.60 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -12% change.Adjusted EBITDA- Total Domestic- Ads and Leads
: $49 million versus $37.09 million estimated by two analysts on average.Adjusted EBITDA- Total Domestic- Corporate
: -$13.90 million versus -$11.60 million estimated by two analysts on average.Shares of Angi have returned +5.4% over the past month versus the Zacks S&P 500 composite's -6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.