Angie’s List Inc Earnings: Here’s Why Investors are Happy Now

Angie’s List Inc (NASDAQ:ANGI) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 6.91%.

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Angie’s List Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.14 in the quarter versus EPS of $-0.24 in the year-earlier quarter.

Revenue: Rose 67.8% to $52.17 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Angie’s List Inc reported adjusted EPS loss of $0.14 per share. By that measure, the company beat the mean analyst estimate of $-0.17. It beat the average revenue estimate of $51.54 million.

Quoting Management: “Our business grew very well in the first quarter, achieving new records for membership, service provider revenue and total revenue, due to continued strong and consistent operating metrics,” said Angie’s List CEO Bill Oesterle. “We continue to gain operating leverage and produced cash flow from our operations. Our first quarter performance demonstrates our ability to continue to rapidly grow our business and produce cash flow, while simultaneously, and significantly, increasing our investments in technology and products. These results reinforce our confidence in our strategy and the long-term operating and financial results we expect to produce.”

Key Stats (on next page)…

Revenue increased 12.97% from $46.18 million in the previous quarter. EPS decreased to $-0.14 in the quarter versus EPS of $0.04 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.30 and has not changed. For the current year, the average estimate has moved up from a loss of $0.54 to a loss of $0.48 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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