La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Angi a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Angi..

Angi (NASDAQ:ANGI) Azioni, Catena delle Opzioni

Angi

Angi Inc connects quality home service professionals across different categories, from repairing and remodeling to cleaning and landscaping, with consumers. The Company has three operating segments namely, Ads and Leads that generate maximum revenue, Services, and International (Europe and Canada). The company operates under multiple brands that including Angi, HomeAdvisor, and Handy. The majority of the revenue is earned from the United States.

Angi Inc

AngioDynamics Inc

Keybanc analyst Justin Patterson maintains Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) with a Overweight and lowers the price target from $3 to $2.

News

Price Target

Analyst Ratings

ANGI

Keybanc Maintains Overweight on Angi, Lowers Price Target to $2

In the latest quarter, 4 analysts provided ratings for Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>), showcasing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $3.38, a high estimate of $6.00, and a low estimate of $2.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 19.33%. 
<img src="https://www.benzinga.com/files/images/story/2024/1731611045_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
A clear picture of Angi's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Eric Sheridan</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$2.50</td>
<td>$3.25</td>
</tr>
<tr>
<td>Daniel Kurnos</td>
<td>Benchmark</td>
<td>Lowers</td>
<td>Buy</td>
<td>$6.00</td>
<td>$7.00</td>
</tr>
<tr>
<td>Nicholas Jones</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$3.00</td>
<td>$3.25</td>
</tr>
<tr>
<td>Ygal Arounian</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$2.00</td>
<td>$3.25</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Angi. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Angi compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Angi's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Angi's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ANGI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Angi analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Angi's Background</h2>
Angi Inc connects quality home service professionals across different categories, from repairing and remodeling to cleaning and landscaping, with consumers. The Company has three operating segments namely, Ads and Leads that generate maximum revenue, Services, and International (Europe and Canada). The company operates under multiple brands that including Angi, HomeAdvisor, and Handy. The majority of the revenue is earned from the United States.
<h3>Angi: Financial Performance Dissected</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Decline in Revenue: Over the 3 months period, Angi faced challenges, resulting in a decline of approximately -10.37% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Communication Services sector.
Net Margin: Angi's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.19% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Angi's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.36% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Angi's ROA stands out, surpassing industry averages. With an impressive ROA of 0.2%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Angi's debt-to-equity ratio is below the industry average at 0.48, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>How Are Analyst Ratings Determined?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 4 Analyst Projections For Angi

Goldman Sachs analyst Eric Sheridan downgrades Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) from Buy to Neutral and lowers the price target from $3.25 to $2.5.

Downgrades

Goldman Sachs Downgrades Angi to Neutral, Lowers Price Target to $2.5

Benchmark analyst Daniel Kurnos maintains Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) with a Buy and lowers the price target from $7 to $6.

Benchmark Maintains Buy on Angi, Lowers Price Target to $6

JMP Securities analyst Nicholas Jones maintains Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) with a Market Outperform and lowers the price target from $3.25 to $3.

JMP Securities Maintains Market Outperform on Angi, Lowers Price Target to $3

Citigroup analyst Ygal Arounian downgrades Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) from Buy to Neutral and lowers the price target from $3.25 to $2.

Citigroup Downgrades Angi to Neutral, Lowers Price Target to $2

WIIM

Angi shares are trading lower. The company reported Q3 financial results. Additionally, IAC announced it's considering spinning off its ownership stake in the company.

IAC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>) announced in its third-quarter earnings <a href="https://ir.iac.com/quarterly-results">report </a>that it is considering a strategic move to spin off its ownership stake in Angi Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>).
This news comes as Angi shares traded lower after-hours, following the company's third-quarter financial results. IAC's potential spin-off would make Angi a stand-alone entity, allowing it to operate independently from IAC, which has nurtured and managed the brand as part of its portfolio of digital and media businesses.
According to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro,</a> Angi reported quarterly earnings of&nbsp;$0.07&nbsp;per share. The company reported quarterly sales of&nbsp;$296.7 million,&nbsp;which beat the analyst consensus estimate of&nbsp;$296.517 million. This is a&nbsp;20.21%&nbsp;decrease over sales of&nbsp;$371.837 million&nbsp;the same period last year.
Angi, a pioneer in the home services space, connected millions of homeowners with skilled professionals since its founding in 1995. Originally a platform for finding reputable local pros, Angi has grown to become a comprehensive service for homeowners, offering tools for hiring, cost research and project inspiration. Angi's extensive network has served over 150 million users, supporting thousands of small businesses and home service professionals nationwide.
IAC's potential divestiture aligns with its history of building and spinning off successful brands, having previously launched companies such as Match Group and Vimeo.
Angi and IAC will host a conference call on Tues. Nov. 12 at 8:30 a.m. ET to discuss both companies&#8217; respective&nbsp;third-quarter&nbsp;results and to answer questions. 
Read Next: •<a href="https://www.benzinga.com/news/earnings/24/11/41889518/shopify-q3-earnings-preview-stock-hits-52-week-highs-analysts-expect-second-best-revenue-quarterly-total-in-company-history"> Shopify Q3 Earnings Preview: Stock Hits 52-Week Highs, Analysts Expect Second Best Revenue Quarterly Total In Company History</a>
This article was generated using artificial intelligence and was reviewed by Benzinga editors.
Photo: Shutterstock

After-Hours Center

Trading Ideas

IAC Considers A Spin-Off Of Angi After Q3 Report

Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $0.00 by Infinity percent. The company reported quarterly sales of $296.700 million which beat the analyst consensus estimate of $296.517 million by 0.06 percent. This is a 20.21 percent decrease over sales of $371.837 million the same period last year.

Earnings

Earnings Beats

Angi Q3 2024 GAAP EPS $0.07 Beats $0.00 Estimate, Sales $296.700M Beat $296.517M Estimate

IAC Announced It Is Considering A Spin-Off Of Its Ownership Stake In Angi Inc. To Its Shareholders.

<h3>Companies Reporting Before The Bell</h3>
• Global Ship Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) is projected to report quarterly earnings at $2.41 per share on revenue of $174.31 million. 
• Monday.Com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) is projected to report quarterly earnings at $0.63 per share on revenue of $246.09 million. 
• Aramark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARMK#NYSE">ARMK</a>) is likely to report quarterly earnings at $0.53 per share on revenue of $4.46 billion. 
• ICL Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICL#NYSE">ICL</a>) is expected to report quarterly earnings at $0.09 per share on revenue of $2.03 billion. 
• Lincoln Educational Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LINC#NASDAQ">LINC</a>) is projected to report quarterly earnings at $0.09 per share on revenue of $110.77 million. 
• Strawberry Fields REIT (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/STRW#AMEX">STRW</a>) is estimated to report earnings for its third quarter. 
• Sapiens Intl Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPNS#NASDAQ">SPNS</a>) is projected to report quarterly earnings at $0.38 per share on revenue of $140.07 million. 
• Nuwellis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUWE#NASDAQ">NUWE</a>) is projected to report quarterly loss at $1.28 per share on revenue of $2.36 million. 
• GEO Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>) is estimated to report earnings for its third quarter. 
<h3>Companies Reporting After The Bell</h3>
• Grab Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) is expected to report quarterly loss at $0.01 per share on revenue of $691.80 million. 
• Ispire Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPR#NASDAQ">ISPR</a>) is estimated to report quarterly loss at $0.05 per share on revenue of $52.81 million. 
• Talos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TALO#NYSE">TALO</a>) is estimated to report quarterly loss at $0.05 per share on revenue of $500.03 million. 
• Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) is estimated to report earnings for its third quarter. 
• Mineralys Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLYS#NASDAQ">MLYS</a>) is expected to report earnings for its third quarter. 
• Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) is likely to report quarterly earnings at $1.71 per share on revenue of $8.09 billion. 
• Gatos Silver (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GATO#NYSE">GATO</a>) is projected to report earnings for its third quarter. 
• Yalla Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YALA#NYSE">YALA</a>) is likely to report earnings for its third quarter. 
• Archrock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AROC#NYSE">AROC</a>) is estimated to report quarterly earnings at $0.27 per share on revenue of $283.55 million. 
• Ampco-Pittsburgh (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AP#NYSE">AP</a>) is likely to report earnings for its third quarter. 
• FGI Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGI#NASDAQ">FGI</a>) is estimated to report quarterly earnings at $0.03 per share on revenue of $30.69 million. 
• Bioceres Crop Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOX#NASDAQ">BIOX</a>) is expected to report quarterly earnings at $0.09 per share on revenue of $120.80 million. 
• RMR Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMR#NASDAQ">RMR</a>) is estimated to report quarterly earnings at $0.38 per share on revenue of $220.35 million. 
• Assertio Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASRT#NASDAQ">ASRT</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $28.87 million. 
• Beyond Air (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XAIR#NASDAQ">XAIR</a>) is projected to report quarterly loss at $0.28 per share on revenue of $1.04 million. 
• Bridger Aerospace Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAER#NASDAQ">BAER</a>) is estimated to report quarterly earnings at $0.46 per share on revenue of $57.50 million. 
• Aterian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATER#NASDAQ">ATER</a>) is expected to report quarterly loss at $0.55 per share on revenue of $26.01 million. 
• QuickLogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUIK#NASDAQ">QUIK</a>) is likely to report quarterly loss at $0.05 per share on revenue of $4.20 million. 
• VAALCO Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGY#NYSE">EGY</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $145.89 million. 
• Assured Guaranty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGO#NYSE">AGO</a>) is projected to report quarterly earnings at $1.36 per share on revenue of $201.37 million. 
• Stereotaxis (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/STXS#AMEX">STXS</a>) is likely to report quarterly loss at $0.05 per share on revenue of $7.10 million. 
• NET Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NPWR#NYSE">NPWR</a>) is estimated to report quarterly loss at $0.09 per share on revenue of $3.00 million. 
• Luminar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>) is expected to report quarterly loss at $0.17 per share on revenue of $18.68 million. 
• James River Gr Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JRVR#NASDAQ">JRVR</a>) is estimated to report quarterly earnings at $0.15 per share on revenue of $146.56 million. 
• Crescent Capital BDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCAP#NASDAQ">CCAP</a>) is estimated to report quarterly earnings at $0.57 per share on revenue of $48.69 million. 
• IAC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>) is estimated to report quarterly loss at $0.28 per share on revenue of $923.69 million. 
• Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) is expected to report quarterly earnings at $0.00 per share on revenue of $298.54 million. 
• Intevac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>) is expected to report quarterly loss at $0.15 per share on revenue of $11.50 million. 
• Nevro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVRO#NYSE">NVRO</a>) is likely to report quarterly loss at $0.81 per share on revenue of $93.07 million. 
• Zeta Global Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) is likely to report quarterly earnings at $0.17 per share on revenue of $248.65 million. 
• DoubleDown Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDI#NASDAQ">DDI</a>) is estimated to report quarterly earnings at $0.55 per share on revenue of $85.43 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ARMK

AROC

ASRT

ATER

BAER

BIOX

CCAP

GATO

GRAB

ISPR

IVAC

JRVR

LAZR

LINC

MLYS

MNDY

NPWR

NUWE

NVRO

QUIK

SPNS

STRW

STXS

TALO

TISI

XAIR

YALA

ZETA

Earnings Scheduled For November 11, 2024

Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) will release its quarterly earnings report on Monday, 2024-11-11. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Angi to report an earnings per share (EPS) of $0.00.
The announcement from Angi is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Earnings Track Record</h3>
In the previous earnings release, the company beat EPS by $0.03, leading to a 31.14% increase in the share price the following trading session.
Here's a look at Angi's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.02</td>
<td>-0.01</td>
<td>-0.02</td>
<td>-0.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.01</td>
<td>0</td>
<td>0.01</td>
<td>-0.01</td>
</tr>
<tr>
<td>Price Change %</td>
<td>31.0%</td>
<td>-2.0%</td>
<td>19.0%</td>
<td>6.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1731078049_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Angi were trading at $2.61 as of November 07. Over the last 52-week period, shares are up 36.05%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/ANGI/earnings">To track all earnings releases for Angi visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Examining the Future: Angi's Earnings Outlook

Angi Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) shares are trading higher Wednesday. The company announced <a href="https://www.benzinga.com/quote/ANGI">executive leadership changes</a>. 
What Happened: 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. 
Angi also announced the appointment of Bailey Carson to COO of the company, effective immediately. Carson, who previously worked as chief customer experience officer for Angi, will oversee the company's sales, customer care and operations. 
Angi further named Glenn Orchard chief growth officer of Angi, effective immediately. Orchard will oversee the company's growth, marketing strategy and execution. He previously served as senior vice president of digital and growth at Angi.
Finally, Julie Gosal Hoarau was appointed chief accounting officer. Hoarau previously worked as vice president of accounting operations of MongoDB.
See Also: <a href="https://www.benzinga.com/news/earnings/24/10/41354865/morgan-stanley-q3-earnings-institutional-securities-sees-momentum-total-client-assets-surpass-7-5t-">Morgan Stanley Q3 Earnings: Institutional Securities Sees Momentum, Total Client Assets Surpass $7.5T Across Wealth And Investment Management</a>
Angi is due to report quarterly earnings at the beginning of November. Analysts expect the company to report breakeven earnings and revenue of $296.465 million, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
ANGI Price Action: <a href="http://benzinga.com/quote/angi">Angi shares</a> were up 2.78% at $2.59 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: 3844328 from Pixabay.

Management

Movers

Angi Stock Is Moving Higher Wednesday: What's Going On?

The world&#39;s largest retailer, company, and employer, Walmart Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>), continues to defy gravity as its stock keeps floating higher, rising 54% year-to-date (YTD). Even after the 3 for 1 stock split on Feb. 26, 2024, shares climbed an additional 52%. The company demonstrates the power of scale as the nation&#39;s largest importer of goods. Walmart is also making headway in China as it gains market share against its incumbent retail leaders. While firing on all cylinders, Walmart continues to grow, indicating more upside.
Walmart operates in the retail/wholesale sector, competing with retailers like Target Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgt#NYSE">TGT</a>), Costco Wholesale Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) and Amazon.com Inc.
<h2>Defying Gravity As the U.S. Dollar Spikes </h2>
In a high interest rate environment, the U.S. dollar tends to stay strong, which hurts companies selling goods and services overseas, as reflected in their earnings reports as FX or currency headwinds. Falling interest rates tend to weaken the dollar, enabling other currencies to have more purchasing power for U.S. goods and services. However, since the&nbsp;Fed&#39;s 50 bps&nbsp;interest rate cut, the U.S. dollar index has recovered from a low of $99.866 to surge up to $102.223.
As the nation&#39;s largest importer of goods, Walmart is one of the major companies that has benefited from a strong U.S. dollar. For Walmart, a rising dollar counts as a currency tailwind. Its buying power grows, enabling it to buy more goods overseas for less money (in U.S. dollars). The jump in the U.S. dollar index has pushed Walmart shares back up near its all-time high. The spike in the U.S. dollar is a net positive for Walmart&#39;s gross margins.
<h2>Challenging the Incumbents in China </h2>
Walmart grew sales in China by 17.7% YoY in its second quarter of 2024. Its Sam&#39;s Club warehouse business saw membership income rise by 26% YoY. Nearly 50% of Walmart&#39;s sales in China come from its e-commerce and digital sales channels. While Walmart is an American company, it&#39;s been successful in locally sourced goods. Its success has been so solid that it&#39;s doubling down focus on its China operations as indicated by dumping its investment in JD.com Inc., selling its 144.5 million share stake for around $3.7 billion on Aug. 21, 2024, which it&#39;s held since 2016. It sold shares for an average of $24.95, a little over a month before JD.com shares nearly doubled in anticipation of China&#39;s stimulus package.
<h2>Taking a Page From Amazon Prime Membership Services </h2>
Taking a page out of Amazon Prime membership services, Walmart has been growing its Walmart+ membership program. For $12.95 per month or $98 per year, Walmart+ members get free shipping with no minimum orders (like Prime), which includes free grocery delivery. Members get free Paramount Global (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/para#NASDAQ">PARA</a>) Paramount+ streaming services with ads and up to 10 cents per gallon discount on gas at Walmart, Sam&#39;s Club, Murphy&#39;s, and Exxon Mobil Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>).
Walmart+ members get early access to promotions like Black Friday deals, travel benefits, cash-back rewards, and member price discounts on groceries and prescriptions. Members can now get dining benefits at Burger King, owned by Restaurant Brands International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/qsr#NYSE">QSR</a>), like 25% off digital orders and a free Whopper every quarter with any purchase. It also has additional discounts and promotions with companies from Peloton Interactive Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pton#NASDAQ">PTON</a>) to NOOM and a 30% discount on home projects at Angi Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/angi#NASDAQ">ANGI</a>).
<h2>Walmart Grew Comp Sales 4.2% in Its Second-Quarter of 2024</h2>
In its Q2 2024 earnings report, Walmart reported earnings of 67 cents per share, beating consensus analyst estimates by 2 cents. Revenues rose 4.7% YoY to $169.3 billion versus $168.56 billion consensus estimates. Walmart&#39;s U.S. comp sales rose an impressive 4.2% YoY. Global advertising grew 26% YoY, including 30% growth for Walmart Connect. Consolidated gross margins rose 43 bps. Walmart+ membership income grew 23% YoY, and Walmart+ memberships rose by double-digits.
Its e-commerce sales rose 22% YoY, driven by store-fulfilled pickup and delivery. Global inventories fell 2% YoY and 2.9% for U.S. Walmart inventory with health in-stock levels. Market shares grew in general merchandise, while transaction counts and unit volume rose across all markets. Grocery sales are strong, and there is no evidence of consumer weakness.
<h2>Walmart Raises Full-Year Guidance&nbsp; </h2>
The company expects Q3 2024 EPS between 51 and 52 cents versus 55 cents consensus estimates. Revenues are expected between $166.03 billion and $167.05 billion versus $167.05 billion. Full-year 2024 EPS was raised to $2.35 to $2.43, up from $2.23 to $2.37, versus $2.44 consensus estimates. Full-year 2024 revenue is expected to be between $672.43 billion and $678.91 billion versus the consensus estimates of $676.53 billion.
Walmart CEO Doug McMillan commented, &quot;Our e-commerce progress creates more optionality for our customers and fuels the growth of our newer businesses. Globally, membership income grew 23%. Walmart Plus memberships were up double-digits. And Sam&#39;s Club U.S. achieved a record-high member count. Globally, advertising grew 26%, including 30% growth for Walmart Connect in the U.S. Advertising sales driven by marketplace sellers were up nearly 50%.&quot;
<h2>WMT Stock Forms an Ascending Triangle Pattern </h2>
An ascending triangle pattern is comprised of a flat-top upper trendline resistance conversing with an ascending lower trendline meeting at the apex point. A breakout forms when the stock rises through the upper trendline, and a breakdown forms if the stock collapses through the lower trendline.
<img alt="Walmart WMT stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241006193318_charta-wmt.jpg" style="height:750px; width:915px" />
WMT gapped to $72.78 on its strong earning report and rose to a flat top resistance at $81.53. The ascending lower trendline formed at $77.89 and has continued to increase due to higher lows on pullbacks. The daily anchored VWAP support is at $78.06.The daily RSI has been choppy sideways at the 63-band. Fibonacci (Fib) pullback support levels are at $79.12, $74.75, $71.29, and $68.57.
Walmart&#39;s average consensus price target is $81.62, and its highest analyst price target sits at $98.00. It has 29 analysts&#39; Buy ratings and one Hold rating. The stock trades at 33.17x forward earnings.
Actionable Options Strategies: Bullish investors can consider using cash-secured puts to buy WMT at the fib pullback support levels for entry and write covered calls to execute a wheel strategy for income in addition to the 1.03% annual dividend yield.
The article &quot;<a href="https://www.marketbeat.com/originals/walmart-retail-juggernaut-has-more-room-to-grow-for-investors/">Walmart: Retail Juggernaut Has More Room to Grow for Investors </a>&quot; first appeared on MarketBeat.

Asia

Entertainment

Large Cap

Mid Cap

Penny Stocks

Guidance

Dividends

Technicals

Retail Sales

Restaurants

Small Cap

Stock Split

Federal Reserve

Markets

General

COST

PARA

PTON

Walmart: Retail Juggernaut Has More Room to Grow for Investors

Momentum investors typically don&#39;t time the market or &quot;buy low and sell high.&quot; In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that &quot;buying high and selling higher&quot; is the way to make far more money in lesser time.
Everyone likes betting on fast-moving trending stocks, but it isn&#39;t easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score, which pays close attention to trends in a stock&#39;s price or earnings, is pretty useful in identifying great momentum stocks, our &#39;Fast-Paced Momentum at a Bargain&#39; screen comes handy in spotting fast-moving stocks that are still attractively priced.
Angi (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/angi#NASDAQ">ANGI</a>) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:
Investors&#39; growing interest in a stock is reflected in its recent price increase. A price change of 16% over the past four weeks positions the stock of this provider of a digital marketplace for home services well in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. ANGI meets this criterion too, as the stock gained 4.5% over the past 12 weeks.
Moreover, the momentum for ANGI is fast paced, as the stock currently has a beta of 2. This indicates that the stock moves 100% higher than the market in either direction.
Given this price performance, it is no surprise that ANGI has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped ANGI earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That&#39;s because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up.
Most importantly, despite possessing fast-paced momentum features, ANGI is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. ANGI is currently trading at 0.90 times its sales. In other words, investors need to pay only 90 cents for each dollar of sales.
So, ANGI appears to have plenty of room to run, and that too at a fast pace.
<a href="https://www.zacks.com/stock/news/2321137/angi-angi-shows-fast-paced-momentum-but-is-still-a-bargain-stock?cid=CS-BENZ-FT-tale_of_the_tape|fast_paced_momentum_at_a_bargain-2321137">To read this article on Zacks.com click here.</a>

Angi Shows Fast-Paced Momentum But Is Still a Bargain Stock

U.S. stocks were higher, with the Dow Jones index gaining over 400 points on Wednesday.
Shares of Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) rose sharply during Wednesday's session after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/08/40220998/shopifys-q2-earnings-revenue-and-eps-beat-gross-merchandise-volume-up-22-strong-q3-outlook-and-more">second-quarter EPS results.</a>
Shopify clocked fiscal second-quarter 2024 revenue growth of 21% year-over-year to $2.05 billion, which beat the analyst consensus estimate of $2.01 billion. Revenue grew by 25% Y/Y after adjusting for the sale of its logistics businesses. The e-commerce platform company reported adjusted EPS of 26 cents, which beat analyst consensus estimate of 20 cents
Shopify shares jumped 24.6% to $67.59 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>PetIQ, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PETQ#NASDAQ">PETQ</a>) shares surged 48% to $30.44 after the company reported better-than-expected second-quarter adjusted earnings results.</li>
<li>Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) gained 35.4% to $32.38 after the company reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates on Tuesday.</li>
<li>Latham Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWIM#NASDAQ">SWIM</a>) climbed 34% to $4.19 after the company reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates. Additionally, the company announced an acquisition of Coverstar Central.</li>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) gained 33% to $6.65 after the company reported better-than-expected quarterly revenue results. Goldman Sachs upgraded the stock from Sell to Neutral and raised its price target from $1 to $4.</li>
<li>Veracyte, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCYT#NASDAQ">VCYT</a>) rose 32.4% to $28.90 after the company reported better-than-expected quarterly financial results. Also, Needham maintained a Buy rating on the stock and raised its price target from $27-$31.</li>
<li>Rayonier Advanced Materials Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) jumped 27.8% to $7.17 after the company reported better-than-expected quarterly financial results.</li>
<li>Angi Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) gained 27.7% to $2.5250 after the company reported better-than-expected quarterly financial results.</li>
<li>Inspire Medical Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INSP#NYSE">INSP</a>) rose 25.6% to $184.81 after the company reported better-than-expected quarterly sales results and raised its FY24 guidance. Also, the company announced it authorized a $150 million share repurchase program.</li>
<li>Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) rose 23.5% to $68.93 after the company reported better-than-expected second-quarter financial results and issued FY24 guidance above estimates.</li>
<li>Axon Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) gained 21.3% to $358.06 after the company reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
<li>Aspen Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZPN#NASDAQ">AZPN</a>) rose 18.3% to $210.40 after the company reported better-than-expected fourth-quarter financial results and issued strong guidance.</li>
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) gained 16.1% to $19.15 after the company reported better-than-expected quarterly financial results and announced a partnership with Tesla to support Texas&#8217;s power grid.</li>
<li>Dynatrace, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DT#NYSE">DT</a>) rose 15.3% to $46.69 following a Q1 earnings beat.</li>
<li>Champion Homes, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKY#NYSE">SKY</a>) gained 14.2% to $84.99 after the company reported better-than-expected quarterly financial results.</li>
<li>V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) gained 14% to $18.74 after the company reported better-than-expected first-quarter financial results.</li>
<li>Rapid7, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) gained 13.7% to $37.55 after the company reported better-than-expected quarterly financial results.</li>
<li>Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>) rose 11% to $129.15 after the company reported better-than-expected quarterly sales results.</li>
<li>Global Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) gained 9.4% to $101.74 after the company reported better-than-expected second-quarter financial results.</li>
<li>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) rose 6.9% to $238.66.</li>
<li>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) gained 5.7% to $121.38.</li>
</ul>
Now Read This:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40221528/these-analysts-cut-their-forecasts-on-jack-in-the-box-after-q3-results"> These Analysts Cut Their Forecasts On Jack In The Box After Q3 Results</a></li>
</ul>

Intraday Update

AXON

AZPN

FTNT

ILMN

INSP

LUMN

PETQ

RYAM

SHOP

SNOW

SWIM

UPST

VCYT

Shopify Posts Upbeat Earnings, Joins Axon Enterprise, Aspen Technology, Illumina, Global Payments And Other Big Stocks Moving Higher On Wednesday

Angi shares are trading higher after the company reported better-than-expected Q2 financial results.

Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) reported quarterly earnings of $0.01 per share which beat the analyst consensus estimate of $(0.03) by 133.33 percent. The company reported quarterly sales of $315.132 million which beat the analyst consensus estimate of $304.112 million by 3.62 percent. This is a 10.37 percent decrease over sales of $351.587 million the same period last year.

Angi Q2 2024 GAAP EPS $0.01 Beats $(0.03) Estimate, Sales $315.132M Beat $304.112M Estimate

Angi Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) shares are trading higher today. JMP Securities analyst Nicholas Jones initiated coverage at Market Outperform and <a target="_blank" href="https://www.benzinga.com/quote/angi/analyst-ratings" rel="noreferrer noopener">a price target of $3.25</a>.
The analyst states that ANGI maintains a leading position in home maintenance, repair, and renovation.
They expect the company to resume growing its market share beginning in 2025, leveraging improved monetization efforts as service requests increase.
Jones writes that they see significant long-term trends favoring the company, including aging homes and affordability considerations motivating homeowners to renovate rather than relocate.
However, ANGI is also in the initial phases of expanding internationally. In 2023, it achieved approximately $116 million in international revenue, constituting 8.5% of its total revenue, with nearly 70% of web traffic originating from the U.S., says the analyst.
By 2026, Jones project that ANGI&#8217;s international segment will account for 11.5% of its total revenue, with ample potential for further expansion in the subsequent years.
Investors can gain exposure to the stock via Global X Millennial Consumer ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MILN#NASDAQ">MILN</a>) and Global X E-Commerce ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBIZ#NASDAQ">EBIZ</a>).
Price Action: ANGI shares are up 6.4% at $1.99 at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Unsplash/ Jed Owen

Analyst Color

Equities

Initiation

EBIZ

MILN

Angi Set to Soar: Analyst Sees Market Share Growth and International Expansion Fueling Future Success

JMP Securities lowered the firm's price target on Angi Inc. (ANGI) to $3 from $3.25 and keeps an Outperform rating on the shares. Angi reported sol...

Angi Inc. price target lowered to $3 from $3.25 at JMP Securities

IAC: Ad Market Improvements To Be Offset By FCC, And Angi Spin-Off Confusions

Angi: Despite Market Reaction To Spin-Off Plans, Restructuring On Track

Benchmark lowered the firm's price target on IAC (IAC) to $105 from $110 and keeps a Buy rating on the shares. Just looking at the fundamentals, th...

IAC price target lowered to $105 from $110 at Benchmark

Benchmark analyst Daniel Kurnos lowered the firm's price target on Angi Inc. (ANGI) to $6 from $7 and keeps a Buy rating on the shares after IAC (I...

Angi Inc. price target lowered to $6 from $7 at Benchmark

Angi downgraded at Goldman Sachs as further revenue deterioration expected

Notable analyst calls this week: Okta, Nvidia and Twilio among top picks

In a regulatory filing, Angi Inc. (ANGI) disclosed that its CEO Jeffrey Kim bought 250K shares of common stock on November 15th in a total transact...

Angi Inc. CEO buys $430K in common stock

KeyBanc lowered the firm's price target on IAC (IAC) to $60 from $66 and keeps an Overweight rating on the shares. The surprise from IAC's earnings...

IAC price target lowered to $60 from $66 at KeyBanc

KeyBanc analyst Justin Patterson lowered the firm's price target on Angi Inc. (ANGI) to $2 from $3 to reflect a longer turnaround. The firm keeps a...

Angi Inc. price target lowered to $2 from $3 at KeyBanc

AVAV

FIVN

INSG

NRDY

NVDA

OKTA

SPIR

TWLO

Press Releases

IAC Earnings Release and Letter to Shareholders Available on Company's Website

IAC to Participate in the Oppenheimer 27th Annual Technology, Internet & Communications Conference

IAC to Participate in Citi's 2024 Global TMT and GEMS Conference

IAC to Participate in the Goldman Sachs Communacopia & Technology Conference

Get Your Home Ready for Fall with Angi

Angi Inc. to Announce Q3 2024 Earnings on November 11th and Host Earnings Conference Call on November 12th

IAC TO ANNOUNCE Q3 2024 EARNINGS ON NOVEMBER 11th AND HOST EARNINGS CONFERENCE CALL ON NOVEMBER 12th

IAC to Participate in Truist Securities Internet Growth Summit

Angi Inc. Earnings Release Available on Company's Website

Bumble

BuzzFeed

Cars.com

EverQuote

FuboTV

Getty Images Holdings, Inc. Class A Common Stock

Getty Images Holdings

Nextdoor Holdings, Inc. Class A Common Stock

Nextdoor Holdings

36Kr Holdings Inc. - American Depositary Shares

36KR Holdings

MediaAlpha

Hello Group Inc. - American Depositary Shares

Hello Gr

Outbrain

PropertyGuru Group Limited Ordinary Shares

PropertyGuru Group

QuinStreet

Rumble

Shutterstock

Taboola.com

Tripadvisor

TrueCar

Travelzoo

Vimeo

Vtex

WEBTOON Entertainment Inc. - Common stock

Webtoon Entertainment

Yalla Group Limited American Depositary Shares, each representing one Class A Ordinary Share

Yalla Group

Zhihu Inc. American Depositary Shares, each representing three (3) Class A Ordinary Shares

Comments

Angi

Angi (ANGI) Opzioni

Angi (NASDAQ:ANGI) Azioni, Catena delle Opzioni

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO