IAC (IAC) Projected to Post Earnings on Tuesday

IAC (NASDAQ:IAC) is anticipated to release its earnings data after the market closes on Tuesday, February 11th. Analysts expect IAC to post earnings of $0.30 per share and revenue of $922.21 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

IAC (NASDAQ:IAC) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($2.93) EPS for the quarter, missing the consensus estimate of ($0.20) by ($2.73). IAC had a negative return on equity of 5.63% and a negative net margin of 0.34%. The company had revenue of $938.70 million during the quarter, compared to analysts’ expectations of $922.62 million. During the same period in the prior year, the business earned ($0.30) EPS. The company’s quarterly revenue was down 15.5% on a year-over-year basis. 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

NASDAQ IAC opened at $41.60 on Monday. The company has a market cap of $3.35 billion, a PE ratio of -96.74 and a beta of 1.32. IAC has a 52-week low of $39.61 and a 52-week high of $58.29. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.75 and a current ratio of 2.75. The firm’s 50 day moving average price is $43.47 and its 200-day moving average price is $48.40.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IAC. Piper Sandler lowered IAC from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $68.00 to $54.00 in a research note on Tuesday, December 10th. Macquarie reissued an “outperform” rating and issued a $14.00 price objective on shares of IAC in a report on Thursday, November 14th. UBS Group upgraded shares of IAC to a “hold” rating in a report on Monday, October 28th. Benchmark restated a “buy” rating and set a $110.00 price objective on shares of IAC in a research note on Tuesday, November 12th. Finally, JMP Securities reissued a “market outperform” rating and set a $70.00 target price on shares of IAC in a report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, IAC has an average rating of “Moderate Buy” and an average target price of $67.67.

About IAC

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.