IAC Inc expected to post a loss of 82 cents a share - Earnings Preview

IAC

06/05/2023 03:04

* IAC Inc  IAC.OQ   IAC.O  is expected to show a fall in
quarterly
revenue when it reports  results on May 9. 
    * The New York City-based  company is expected to report  a
19.6% decrease in revenue to $1.065 billion from $1.33 billion a
year ago, according to the mean estimate from 14 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for IAC Inc is for a
loss
of 82 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 29.4%
in the last three months. ​
    * Wall Street's median 12-month price target for IAC Inc is
$74​,
above​ its last closing price of $53.10. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.34       -0.35      -0.05     Beat    85.6
 Sep. 30 2022  -0.58       -0.52      -0.74     Missed  -41
 Jun. 30 2022  -0.71       -0.68      -0.51     Beat    25.2​
 Mar. 31 2022  -0.65       -0.75      -2.72     Missed  -262.3
 ​​Dec.        -0.12       -0.15      0.20      Beat    233.3
 31 2021                                                
 Sep. 30 2021  -0.45       -0.52      0.65      Beat    225.6​
 Jun. 30 2021  -0.49       -0.53      2.02      Beat    478.8
 Mar. 31 2021  -0.64       -0.64      3.46      Beat    637
 This summary was machine generated May 6 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated