IAC (NASDAQ:IAC - Get Free Report) is anticipated to announce its quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $922.21 million for the quarter. Parties interested in participating in the company's conference call can do so using this link.
IAC (NASDAQ:IAC - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($2.93) EPS for the quarter, missing the consensus estimate of ($0.20) by ($2.73). The firm had revenue of $938.70 million for the quarter, compared to analysts' expectations of $922.62 million. IAC had a negative return on equity of 5.63% and a negative net margin of 0.34%. IAC's quarterly revenue was down 15.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.30) earnings per share. On average, analysts expect IAC to post $-4 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
IAC Price Performance
Shares of NASDAQ IAC traded down $0.70 during midday trading on Friday, hitting $41.60. The stock had a trading volume of 669,905 shares, compared to its average volume of 647,268. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The stock has a 50 day simple moving average of $43.59 and a 200-day simple moving average of $48.51. The company has a market capitalization of $3.35 billion, a PE ratio of -96.74 and a beta of 1.32. IAC has a 1 year low of $39.61 and a 1 year high of $58.29.
Wall Street Analysts Forecast Growth
IAC has been the topic of several research reports. JMP Securities reissued a "market outperform" rating and issued a $70.00 price target on shares of IAC in a research note on Monday, December 16th. TD Cowen decreased their target price on shares of IAC from $82.00 to $77.00 and set a "buy" rating on the stock in a research note on Wednesday, November 13th. Piper Sandler lowered IAC from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $68.00 to $54.00 in a research report on Tuesday, December 10th. Barclays reduced their price objective on IAC from $70.00 to $66.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 13th. Finally, Benchmark restated a "buy" rating and issued a $110.00 target price on shares of IAC in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, IAC presently has a consensus rating of "Moderate Buy" and an average target price of $67.67.
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About IAC
(
Get Free Report)
IAC Inc, together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle.
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