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

People Incorporated

09/08/2023 20:43

* IAC Inc  IAC.OQ  reported a quarterly adjusted loss of
$1.07​​
per share for the quarter ended in June. The mean expectation of
fifteen analysts for the quarter was for a loss of 82 cents per
share.
    * Revenue fell 18.4% to $1.11 billion from a year ago;
analysts
expected $1.12 billion. 
    * IAC Inc's reported EPS for the quarter was a loss of
$1.07​.
    * The mean earnings estimate of analysts had fallen by
about 22.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * IAC Inc shares had risen by 6.8% this quarter and
gained 51.1%
so far this year.
    * The company reported a quarterly loss of $89.05 million.
    * Wall Street's median 12-month price target for IAC Inc is
$81.00
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 07:43 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.82          -1.07          Missed
 Mar. 31 2023      -0.82          4.57           Beat
 Dec. 31 2022      -0.35          -0.05          Beat
 Sep. 30 2022      -0.52          -0.74          Missed