Yahoo Finance What's in Store for ANGI Homeservices (ANGI) Q3 Earnings?
ANGI Homeservices ANGI is set to report third-quarter 2018 results on Nov 7.
In the last reported quarter, ANGI reported earnings of 5 cents that beat the Zacks Consensus Estimate by 4 cents. Revenues of $294.8 million beat the Zacks Consensus Estimate of $294 million and jumped 63% year over year.
The Zacks Consensus Estimate for third-quarter earnings has remained steady at 9 cents over the past seven days. The consensus mark for revenues currently stands at $296.5 million, reflecting year-over-year growth of 63.2%.
Let’s see how things are shaping up for this announcement.
Key Factors to Watch Out
ANGI is expected to benefit from continuing product innovation. The company is benefiting from the synergies ($100 million in full year 2018) associated with the merger of Angie’s List and Homeservices.
Angie's List, Inc. Price and EPS Surprise
Angie's List, Inc. Price and EPS Surprise | Angie's List, Inc. Quote
Moreover, strength in Marketplace revenues is a major driver. In the last reported quarter, Marketplace revenues jumped 31% from the year-ago quarter. The strong growth was driven by higher Marketplace service requests from homeowners, which increased 30% to 6.8 million.
We also expect strong momentum in advertising revenues to continue in the to-be-reported quarter. Further, international expansion is expected to drive top-line growth.
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. The Sell-rated stocks (Zacks Rank #4 or 5) are best avoided.
ANGI has a Zacks Rank #2 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With a Favorable Combination
Here are some companies, which, per our model, have the right combination of elements to post an earnings beat this quarter:
NetApp NTAP has an Earnings ESP of +0.83% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Himax Technologies HIMX has an Earnings ESP of +66.67% and a Zacks Rank #2.
The Trade Desk TTD has an Earnings ESP of +0.29% and a Zacks Rank #2.
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