IAC/InterActiveCorp (NASDAQ:IAC) is set to announce second quarter earning results on Monday 10th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, IAC to report 2Q20 income of $ 2.12 per share.
For the full year, analysts anticipate top line of $ 3923.98 million, while looking forward to loss of $ 1.16 per share bottom line.
Previous Quarter Performance
IAC/InterActiveCorp recorded income for the first quarter of $ 0.01 per share, from the revenue of $ 1,229.00 million. The quarterly earnings lowered 98.90 percent while revenues up 12.34 percent compared with the same quarter last year.
Street analysts expected IAC/InterActiveCorp to report income of $ 0.11 per share on revenue of $ 1206.57 million for the first quarter. The bottom line results missed street analysts by $ 0.1 or 90.91 percent, at the same time, top line results outshined analysts by $ 22.43 million or 1.86 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of IAC was $ 133.05, representing a 273.95 % increase from the 52 week low of $ 35.58 and a 2.18 % decrease over the 52 week high of $ 136.02.
The company has a market capital of $ 11.33 billion and is part of the Technology sector and Internet Content & Information industry.
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Recent Analyst recommendations
- On 13th July 2020, maintained by Bank of America at Buy rating, with $ 148.00 target price.
- On 23rd June 2020, maintained by BMO Capital Markets at Outperform rating, with $ 369.00 target price.
IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The companys Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands. Its ANGI Homeservices segment connects homeowners to home service professionals, collects reviews, and allows homeowners to research, match, and connect on-demand to network of service professionals online, through mobile apps, or by voice assistants under the HomeAdvisor, Angies List, and Handy brand names.
