Q1 2022 Earnings Forecast for IAC/InterActiveCorp Issued By Wedbush (NASDAQ:IAC)

IAC/InterActiveCorp (NASDAQ:IACGet Rating) – Research analysts at Wedbush decreased their Q1 2022 earnings estimates for shares of IAC/InterActiveCorp in a research report issued on Monday, May 9th. Wedbush analyst Y. Arounian now anticipates that the company will earn ($0.87) per share for the quarter, down from their previous forecast of ($0.80). Wedbush also issued estimates for IAC/InterActiveCorp’s Q2 2022 earnings at ($0.51) EPS, FY2022 earnings at ($1.58) EPS and FY2023 earnings at $1.23 EPS.

IAC/InterActiveCorp (NASDAQ:IACGet Rating) last posted its quarterly earnings results on Tuesday, February 15th. The company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.37). The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $949.76 million. IAC/InterActiveCorp had a negative return on equity of 0.06% and a net margin of 15.92%.

A number of other research analysts have also recently commented on IAC. Zacks Investment Research cut shares of IAC/InterActiveCorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 20th. StockNews.com initiated coverage on shares of IAC/InterActiveCorp in a report on Thursday, March 31st. They issued a “hold” rating on the stock. KeyCorp cut their price target on shares of IAC/InterActiveCorp from $190.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, April 11th. Benchmark dropped their target price on shares of IAC/InterActiveCorp from $218.00 to $200.00 in a report on Thursday, February 17th. Finally, Credit Suisse Group increased their target price on shares of IAC/InterActiveCorp from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Thursday, February 17th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $163.46.

NASDAQ IAC opened at $79.09 on Wednesday. The company’s 50-day moving average price is $96.04 and its 200-day moving average price is $119.00. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.26. The stock has a market cap of $6.65 billion, a PE ratio of 12.49 and a beta of 1.34. IAC/InterActiveCorp has a 12 month low of $72.29 and a 12 month high of $179.12.

Hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley raised its position in shares of IAC/InterActiveCorp by 0.5% in the 2nd quarter. Morgan Stanley now owns 3,872,611 shares of the company’s stock valued at $597,040,000 after purchasing an additional 20,603 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of IAC/InterActiveCorp by 2.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 4,576 shares of the company’s stock valued at $596,000 after purchasing an additional 100 shares during the last quarter. Deutsche Bank AG raised its position in shares of IAC/InterActiveCorp by 3.5% in the 3rd quarter. Deutsche Bank AG now owns 82,463 shares of the company’s stock valued at $10,745,000 after purchasing an additional 2,755 shares during the last quarter. Advisor Group Holdings Inc. raised its position in shares of IAC/InterActiveCorp by 5.2% in the 3rd quarter. Advisor Group Holdings Inc. now owns 19,803 shares of the company’s stock valued at $2,582,000 after purchasing an additional 973 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of IAC/InterActiveCorp by 41.6% in the 3rd quarter. Mackenzie Financial Corp now owns 4,060 shares of the company’s stock valued at $529,000 after purchasing an additional 1,193 shares during the last quarter. 96.44% of the stock is owned by institutional investors and hedge funds.

IAC/InterActiveCorp Company Profile (Get Rating)

IAC/InterActiveCorp 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.

Further Reading

Earnings History and Estimates for IAC/InterActiveCorp (NASDAQ:IAC)

Receive News & Ratings for IAC/InterActiveCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAC/InterActiveCorp and related companies with MarketBeat.com's FREE daily email newsletter.