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ANGI Homeservices Inc. (ANGI)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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12.04+0.31 (+2.64%)
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  • m
    mayslakeman
    It's down because they released their September sales metrics. Market place revenue up 12% in September year over year, which is down from a 15% uptick in August. Ad revenue was up a tad, 2%, after dropping a tad last 2 months. So North America overall 10%. Not great with a bit of deceleration, but not too bad considering no new stimulus yetand all things considered, fairly much in line with rev growth projection by anaylysts of 10.2% for the quarter.

    But Europe down 5% again, and that's likely renewed lockdown related, but also lack of traciton in europe.

    Combined that's 9% revenue gain year over year for month of September.

    Problem is with estimates of up 10.2%, having reported 3 months, we likely have just released a preliminary miss. With July +7%, August 12% and September 9%, rough gage is 9.33% growth just averaging out (unless August is their big month somehow). MAybe revenues of $390.5. Just a guesstimate. Average estimate is $393.5, with a low of almost 387 and a high a tick over $400.

    Nevertheles, growth in this environment. I'll see if my recent average up at $10.20 will hold.

    Like Ricky Ricardo says, Lucy, you got some 'splainin' to do. We'll see what they say when they report next month. They will likely have October numbers almost in hand when they report the September quarter in early November. Reporting today, October 8, is a week before they reported the monthly number in September.

    Since no stimulus still (Although one now seems likely after the election if not before), October may be tepid, too. But we shall see. Frankly, over the longer term, showing the resilience of the model it seems to me.
  • H
    Hypno
    Any insights into why ANGI is up so much today? There aren't any new news stories or press releases...
  • N
    Neso
    Idk how I got into this stock!! I want to sell it but I wont go over 13. Bet as soon as I sell it, it will fly, like the usual.
  • D
    Don
    why did this fall off the cliff?
  • S
    Stocktargetadvisor
    $ANGI
    Target Lowered by Credit Suisse Outperform USD 19 » USD 17
    Maintains KeyBanc Overweight USD 14 » USD 13
  • S
    Spider-Man
    Earning is going to $20, best home service e-commerce in UAS
    Bullish
  • m
    mayslakeman
    Fascinating market day. Dow fell 3% plus at one point. But ANGI, which was dead in the water recently, reverses and now flat to slightly green. Meanwhile dividend and value plays doing terribly (after holding up somewhat better last week), while CRWD, ETSY, SQ, ZM are green. So the hot growth stocks of the summer. Kinda stealth.

    Overall tred is down but traders keep switching up on sectors. AAPL, etc recovered some.

    I don't think this'll be the bear correction. Sideways to down for a bit but no collapse for now. MArket keeps refusing to do what everyone thinks it should.
  • C
    CAH291
    About half the revenue growth is due to an accounting change starting in 2020.
  • m
    mayslakeman
    Zranks it #1 and it falls 25%, Keybanc initiates overweight, price target $15 and it falls another 10%. Not sure we can take anymore upgrades. :)
  • A
    Alessandro
    Someone make it jump
    Bullish
  • m
    mayslakeman
    The monthly sales released AH yesterday.

    Revenues up 15% in August, service requests up a robust 33%. Nice pick-up from July. Ad revenue still a little light. To be expected. transacting service professionals up. Now just to get those requests filled at a higher rate.

    Things look pretty darn good.
  • m
    mayslakeman
    I wonder how James and Tony are doing today? Up 10+% this October 1. Hi variance.
  • m
    mayslakeman
    Back to Mid-May prices. There was massive volume in the $13s and those folks all underwater (although likely a lot of short covering). So they are back for more after they got slaughtered last time. Wild swings on this one.
  • E
    Erik
    tough morning, check out CRON and HEXO you can literally makeup all you losses in one day
  • B
    Buffi
    Best home service e-commerce in USA... stay long for the $50
    Bullish
  • m
    mayslakeman
    Selling off AH on earnings release, afternoon 8/10/20.

    They beat on revs and earnings, but didn't quite match the top revenue estimate.

    FCF is up nicely, and for first 6 months of the year up to 103.1 million from $63.9. So trading at about 36x FCF based on a 12 month run rate, net of cash. But that's with a growth in FCF of over 60%. Admittedly off a smallish base.

    The issue I think is broken out in the IAC release. Revenue growth rate was only 7% in July. 10% marketplace, -2% advertising. Service professional enlistment ticked back up, and marketplace service requests still going up strong, if not like last quarter quite.

    But if July revenue growth is 7%, that doesn't match the average growth estimate of almost 11% y over y. Would eed a strong pick up in August and September to hit that. And now where close to hitting the high end revenue estimate. Ridenour has ben touting the strong revenue bounce back, but this looks like a small slow down in the growth rate again.

    It may be the Covid surge in some states and re-opening pullback. But he will need to explain tomorrow on CC, and may need to temper. Partially why they went from quarterly guidance to reporting month to month numbers.

    Over the long haul, this still looks promising. But with the runup, and a lot of the Covid winners selling off recently, this'll probably take a bit of a beating for a bit. And with unemployment benefits down some (at least based on executive order). I trimmed exposure on way back up, sometimes too soon, but probably was prudent.

    Ha, this was a nice Covid play after weathering it initially. Now it'll likely go down some and be a post-Covid recovery play as vaccine comes into play.

    Take care all. Although seems like I am talking mostly to myself. :)
  • A
    Alex
    I own a medium sized painting business with 20 employees. We used Home Advisor/Angies list for the first time starting in March. After figuring out that not every lead is great and that following up QUICKLY is important, we still make pretty decent ROI on their leads. The problem is they overwhelm you with leads and eventually when your calendar is booked off you have to 'turn them off'. I think the 3rd quarter will be slower for them because of this as a lot of contractors in all professionals are overwhelmed with workload. Overall, though once contractors learn to trust the process I think long-term its a decent stock. Im neutral for now. thx
    Neutral
  • T
    Tiger
    Best home improvement e-commerce in the US, also company own 12 premium brand in they portfolio, I waited long time for the pull back
    Bullish
  • m
    mayslakeman
    Keybanc initiated coverage yesterday at overweight with a $15 price target (a tad lower than some of the other targets on the street).
  • J
    James
    President and COO resigns this week - not sure how the market will react to a 20 year veteran stepping down...
    Bearish