ANGI Homeservices (ANGI - Free Report) 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.
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 - Free Report) 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 - Free Report) has an Earnings ESP of +66.67% and a Zacks Rank #2.
The Trade Desk (TTD - Free Report) has an Earnings ESP of +0.29% and a Zacks Rank #2.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
ANGI Homeservices (ANGI - Free Report) 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.
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 - Free Report) 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 - Free Report) has an Earnings ESP of +66.67% and a Zacks Rank #2.
The Trade Desk (TTD - Free Report) has an Earnings ESP of +0.29% and a Zacks Rank #2.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on NTAP - FREE
Get the latest research report on HIMX - FREE
Get the latest research report on ANGI - FREE
Get the latest research report on TTD - FREE