Angie’s List, Inc. (ANGI) Expected to Post Quarterly Sales of $225.82 Million
Analysts expect Angie’s List, Inc. (NASDAQ:ANGI) to report sales of $225.82 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Angie’s List’s earnings. The highest sales estimate is $229.90 million and the lowest is $219.50 million. Angie’s List posted sales of $76.67 million in the same quarter last year, which suggests a positive year-over-year growth rate of 194.5%. The business is expected to issue its next quarterly earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that Angie’s List will report full-year sales of $225.82 million for the current fiscal year, with estimates ranging from $732.70 million to $743.10 million. For the next year, analysts anticipate that the firm will post sales of $1.17 billion per share, with estimates ranging from $1.13 billion to $1.18 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Angie’s List.
Angie’s List (NASDAQ:ANGI) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.18). Angie’s List had a negative net margin of 17.04% and a negative return on equity of 25.20%. The firm had revenue of $181.70 million during the quarter, compared to the consensus estimate of $184.47 million. During the same quarter last year, the firm posted ($0.28) earnings per share. Angie’s List’s revenue was up 36.0% compared to the same quarter last year.
A number of large investors have recently added to or reduced their stakes in the stock. Davis Selected Advisers boosted its position in Angie’s List by 36.9% during the 2nd quarter. Davis Selected Advisers now owns 4,524,585 shares of the technology company’s stock worth $57,869,000 after acquiring an additional 1,218,944 shares during the period. Vanguard Group Inc. boosted its position in Angie’s List by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 4,367,386 shares of the technology company’s stock worth $24,895,000 after acquiring an additional 228,084 shares during the period. Capital Research Global Investors acquired a new position in Angie’s List during the 2nd quarter worth $37,217,000. Stephens Investment Management Group LLC boosted its position in Angie’s List by 2,069.8% during the 3rd quarter. Stephens Investment Management Group LLC now owns 2,019,753 shares of the technology company’s stock worth $25,166,000 after acquiring an additional 1,926,670 shares during the period. Finally, State Street Corp boosted its position in Angie’s List by 6.5% during the 2nd quarter. State Street Corp now owns 766,698 shares of the technology company’s stock worth $9,803,000 after acquiring an additional 47,008 shares during the period. Institutional investors and hedge funds own 68.65% of the company’s stock.
Shares of Angie’s List (NASDAQ ANGI) traded down $0.07 during midday trading on Wednesday, hitting $11.02. The stock had a trading volume of 601,100 shares, compared to its average volume of 671,544. Angie’s List has a 1-year low of $5.22 and a 1-year high of $13.74. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.08.
Angie’s List 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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