IAC Inc reports results for the quarter ended in December - Earnings Summary

IAC

15/02/2023 03:37

* IAC Inc  IAC.OQ  reported a quarterly adjusted loss of 5
cents​​
per share for the quarter ended in December. The mean
expectation of fifteen analysts for the quarter was for a loss
of 35 cents per share.
    * Revenue rose 7.5% to $1.25 billion from a year ago;
analysts
expected $1.26 billion. 
    * IAC Inc's reported EPS for the quarter was a loss of 2
cents​.
    * The mean earnings estimate of analysts had risen by
about 25.5%
in the last three months.​ 
    * In the last 30 days four analysts negatively revised
earnings
estimates 
    * IAC Inc shares had risen by 15.4% this quarter.
    * The company reported a quarterly loss of $1.42 million.
    * Wall Street's median 12-month price target for IAC Inc is
$74.00
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
15 at 03:37 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.35          -0.05          Beat
 Sep. 30 2022      -0.52          -0.74          Missed
 Jun. 30 2022      -0.68          -0.51          Beat
 Mar. 31 2022      -0.75          -2.72          Missed