IAC Inc expected to post a loss of $1.19 a share - Earnings Preview

People Incorporated

04/05/2024 03:30

* IAC Inc  IAC.OQ   IAC.O  is expected to show a fall in
quarterly
revenue when it reports  results on May 7 (estimated) for the
period ending March 31 2024
    * The New York City-based  company is expected to report a
13.9% decrease in revenue to $934.084 million from $1.08 billion
a year ago, according to the mean estimate from 11 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for IAC Inc is for a loss of
$1.19
per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 48.2%
in the last three months. ​
    * Wall Street's median 12-month price target for IAC Inc is
$72.00​, above​ its last closing price of $55.07. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.18       -0.19      3.61      Beat    1,951.
                                                        3
 Sep. 30 2023  -0.65       -0.67      -4.72     Missed  -606
 Jan. 1 0001   -0.83       -0.82      -1.07     Missed  -30.3​
 Mar. 31 2023  -1.05       -0.82      4.57      Beat    654.9
 ​​Dec.        -0.34       -0.35      -0.05     Beat    85.6
 31 2022                                                
 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
 This summary was machine generated May 4 at 02:30 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)