IAC Inc expected to post a loss of 65 cents a share - Earnings Preview

People Incorporated

04/11/2023 03:04

* IAC Inc  IAC.OQ   IAC.O  is expected to show a fall in
quarterly
revenue when it reports  results 
    * The New York City-based  company is expected to report  a
14.9% decrease in revenue to $1.107 billion from $1.3 billion a
year ago, according to the mean estimate from 12 analysts, based
on LSEG data. 
    * ​Refinitiv's mean analyst estimate for IAC Inc is for a
loss
of 65 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for IAC Inc is
$76.5​, above​ its last closing price of $44.80. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  -0.83       -0.82      -1.07     Missed  -30.3
 Mar. 31 2023  -1.05       -0.82      4.57      Beat    654.9
 Dec. 31 2022  -0.34       -0.35      -0.05     Beat    85.6​
 Sep. 30 2022  -0.58       -0.52      -0.74     Missed  -41
 ​​Jun.        -0.71       -0.68      -0.51     Beat    25.2
 30 2022                                                
 Mar. 31 2022  -0.65       -0.75      -2.72     Missed  -262.3
                                                        ​
 Dec. 31 2021  -0.12       -0.15      0.20      Beat    233.3
 Sep. 30 2021  -0.45       -0.52      0.65      Beat    225.6
 This summary was machine generated November 4 at 03:04 GMT.  All
figures in US dollars  unless otherwise stated