ANGI -30% after slashed outlook, analyst worries [Seeking Alpha]
Angi Inc. - Class A (ANGI)
Last angi inc. - class a earnings: 2/5 04:10 pm
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US:NASDAQ Investor Relations:
ir.angihomeservices.com/investor-overview
Company Research
Source: Seeking Alpha
ANGI Homeservices (NASDAQ: ANGI ) is in a heavy downdraft as today's market opens, , after it missed revenues and cut its full-year outlook. The company cut its full-year forecast for EBITDA to $200M-$230M, from a previous $280M-$300M. And IAC/InterActiveCorp mulled the idea of spinning ANGI off, a move some analysts saw as potentially positive, though Jefferies writes "underperformance may make investor demand for a spin underwhelming." Analysts overall focused their worries on Google-related competition after changes the search giant made to results that highlighted the risk to ANGI. Those changes have the potential to be a "long-term headache," Wedbush says, while noting meaningful increases to Google traffic expenses that resulted in a "challenging" quarter. The Google issue is the key question ANGI faces, Needham says, with Google-related competition that "seems to be impacting both traffic as well as service provider perception of value." Sell-side a
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High impacting Angi Inc. - Class A news events
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ANGI
News
- Mortgage Closing Costs: How Much Are They? [CNET News]CNET News
- Will a ‘silver tsunami' solve the U.S. housing shortage? [Yahoo! Finance]Yahoo! Finance
- Breakeven On The Horizon For Angi Inc. (NASDAQ:ANGI) [Yahoo! Finance]Yahoo! Finance
- AccuLynx Launches New Roofing Software Tools & Third-Party App ConnectionsPR Web
- 7 Luxury Home Upgrades Worth Every Penny [Yahoo! Finance]Yahoo! Finance
ANGI
Earnings
- 2/13/24 - Beat
ANGI
Sec Filings
- 4/22/24 - Form 4
- 4/22/24 - Form PRE
- 4/11/24 - Form 4
- ANGI's page on the SEC website