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

People Incorporated

05/08/2023 03:04

* IAC Inc  IAC.OQ   IAC.O  is expected to show a fall in
quarterly
revenue when it reports  results on August 8. 
    * The New York City-based  company is expected to report  a
17.8% decrease in revenue to $1.12 billion from $1.36 billion a
year ago, according to the mean estimate from 13 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 14 "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
$80​,
above​ its last closing price of $65.53. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -1.05       -0.82      4.57      Beat    654.9
 Dec. 31 2023  -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.        -0.65       -0.75      -2.72     Missed  -262.3
 31 2022                                                
 Dec. 31 2021  -0.12       -0.15      0.20      Beat    233.3​
 Sep. 30 2021  -0.45       -0.52      0.65      Beat    225.6
 Jun. 30 2021  -0.49       -0.53      2.02      Beat    478.8
 This summary was machine generated August 5 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated