ANGI News

Shares of ANGI Homeservices (NASDAQ: ANGI) surged last month as the company bounced back from big losses in March and got an assist from an analyst upgrade. The gains in April came in spite of the company reporting an operating loss for the first quarter and pulling its financial guidance for the year. According to data from S&P Global Market Intelligence, the stock finished the month up 29%.

Today, ANGI Homeservices (ANGI), the largest digital marketplace for connecting millions of homeowners with home service professionals across the globe, released a new survey that found 93 percent of service professionals in the U.S. including plumbers, electricians, painters, HVAC repair, landscapers and general contractors have added at least one major new cleaning measure as part of their service with 73 percent doing more frequent cleaning and 39 percent purchasing more personal protective equipment (PPE). “We are so proud of how home service professionals across the country – plumbers, electricians and contractors – have responded to this crisis,” said Angie Hicks, co-founder of Angie’s List and Chief Customer Officer of ANGI Homeservices.

ANGI Homeservices (ANGI) delivered earnings and revenue surprises of 33.33% and 0.54%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

The Internet holding company reported better-than-expected first-quarter revenues, but also disclosed a writedown of its declining browser-based software-applications business.

The number of U.S. cases of the coronavirus that causes COVID-19 rose above 610,000 on Wednesday, as President Donald Trump suspended funding to the World Health Organization, drawing criticism from other world leaders and health officials during the middle of the pandemic.

During a talk with TheStreet, CFO Glenn Schiffman highlighted the positive and negative trends seen by IAC businesses such as Dotdash and ANGI Homeservices over the last two months.

DENVER, May 08, 2020 -- ANGI Homeservices (NASDAQ: ANGI) will attend the virtual 48th Annual J.P. Morgan Global Technology, Media and Communications Conference on Wednesday,.

Don't look now, but the stock is now up for 2020, and a short squeeze could send it even higher.

Sales at the home-improvement marketplace plunged as the pandemic hit, but positive signs are starting to appear.

At this time, I would like to turn the conference over to Glenn Schiffman, Chief Financial Officer of IAC. Joining me today is Joey Levin, Chairman of ANGI Homeservices and CEO of IAC; and Brandon Ridenour, CEO of ANGI Homeservices. Joey and I will also address any questions you may have on IAC's first quarter results.

Shares of ANGI Homeservices Inc. are up more than 17% in Monday trading after Wells Fargo analyst Brian Fitzgerald upped his price target by a buck, to $11, writing that he was "surprised/encouraged by the resilience of the business in the face of COVID-19 headwinds, particularly with respect to consumer service requests." ANGI Chief Executive Brandon Ridenour told MarketWatch last week that the company seemed to be experiencing a V-shaped recovery. "Management also noted increasing service professional engagement with the platform, a dynamic that we believe should improve consumer user experience (in part by reducing zero-match service requests), improve overall platform health and potentially lead to improved marketing efficiency-we anticipate that ANGI's paid and organic search rankings could improve," Fitzgerald wrote. ANGI shares have increased 6.3% over the past three months. The S&P 500 has lost 12% in that time.

ANGI Homeservices (ANGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The COVID-19 outbreak has helped accelerate revenue growth for IAC/InterActiveCorp.’s Vimeo video-production unit but some of the media company’s other businesses have been hit harder by the pandemic.

HomeAdvisor, a leading digital marketplace evolving the way homeowners connect with service professionals to complete home projects, has launched a series of tools in its mobile app to help homeowners and home service professionals more safely connect and transact around home repairs while stay-at-home orders are still in effect. Homeowners and pros can now connect via in-app video messaging, receive and pay for services with HomeAdvisor Pay, a new contactless digital payment tool, and tip current and former pros directly in the mobile app.

Investors need to pay close attention to ANGI Homeservices (ANGI) stock based on the movements in the options market lately.

DENVER, April 15, 2020 -- After the close of market trading on Wednesday, May 6, 2020, ANGI Homeservices (NASDAQ: ANGI) will post its first quarter results at.

At this time, I would like to turn the conference over to Glenn Schiffman, Chief Financial Officer of IAC. Joining me today is Joey Levin, Chairman of ANGI Homeservices and CEO of IAC; and Brandon Ridenour, CEO of ANGI Homeservices.

Shares of ANGI Homeservices (NASDAQ: ANGI) were climbing today after the home-services marketplace topped bottom-line estimates in its first-quarter results and expressed optimism about the recovery. ANGI said revenue rose 13% in the quarter to $343.6 million as growth in January and February was up 19% and 21%, respectively, but then decelerated to just 1% in March as shutdowns rolled through the country. Adjusted EBITDA slipped 7% to $34.4 million as its European business was hit especially hard, and the company posted a loss of $0.02 per share compared to a $0.02 per-share profit, but the loss was still a penny better than estimates.

DENVER, May 06, 2020 -- ANGI Homeservices (NASDAQ: ANGI) posted its first quarter financial results on the investor relations section of its website at.

ANGI Homeservices said late Tuesday it expects first-quarter 2020 revenue between $340 million and $345 million, and an operating loss between $15 million and $20 million. Analysts polled by FactSet expect the company to report sales around $356 million. The home services company said it had $384.2 million in cash and cash equivalents, $244.1 million of debt, which is mostly due in 2023, and $250 million available under its revolving credit facility, which expires in November 2023. "ANGI has ample access to capital to navigate current and coming economic pressures," the company said. The company withdrew its prior full-year 2020 guidance due to the impact of COVID-19 on its business; uncertainties wrought by the pandemic include economic impact on consumers and the willingness of homeowners and service professionals to resume interaction, ANGI said. Shares of ANGI fell 2.5% in the extended session after ending the regular trading day down 5.7%.