Angie's List to Report Earnings, Analysts Expect Disappointing Quarter

Angie's List (ANGI) could turn in a disappointing quarter, according to analysts.
Author:
Publish date:

Angie's List (ANGI) could turn in a disappointing quarter, according to analysts. The online provider of unbiased reviews of local businesses and services is turning a profit but it's also seeing increased competition from internet giants like Google (GOOG) and Amazon (AMZN). Shares of Angie's List are up nearly 11% in the last three months but they are well off their all-time highs of July 2013. Shares of the company are down 65% since its IPO. Recently the CEO said he would step down, possibly to enter politics in the company's home state of Indiana. Some analysts hope the leadership change will bring in an internet visionary.