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

People Incorporated

13/02/2024 22:40

* IAC Inc  IAC.OQ  reported quarterly adjusted earnings of
$3.61​​
per share for the quarter ended in December, higher than the
same quarter last year, when the company reported EPS of -5
cents.  The mean expectation of twelve analysts for the quarter
was for a loss of 19 cents per share. Wall Street expected
results to range from -54 cents to 17 cents per share.
    * Revenue fell 15.1% to $1.06 billion from a year ago;
analysts
expected $1.06 billion. 
    * IAC Inc's reported EPS for the quarter was $3.70​.
    * The company reported quarterly net income of $327.75
million.
    * IAC Inc shares had risen by 1.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 207.1% in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for IAC Inc is $66.50
This summary was machine generated from LSEG data February 13 at
10:40 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.19          3.61           Beat
 Sep. 30 2023      -0.67          -4.72          Missed
 Jun. 30 2023      -0.82          -1.07          Missed
 Mar. 31 2023      -0.82          4.57           Beat