- IAC Inc. is set to release its Q1 earnings after market close on May 5th, with expectations of significant declines.
- Analysts have mixed predictions for IAC, with a notable range in price targets indicating potential upside.
- Current valuations suggest modest growth, with a consensus recommendation of "Outperform."
IAC Inc. (IAC) is poised to announce its first-quarter earnings results on May 5th, post-market hours. The anticipation surrounding these results stems from analysts' forecasts, which suggest a challenging period for the company.
Anticipated Earnings Performance
Analysts have projected an earnings per share (EPS) of -$2.68, indicating a substantial 625.5% decline compared to the same period last year. Revenue is also expected to fall, with estimates pointing to $574.73 million, marking a 38.2% year-over-year decrease. Despite these forecasts, it's worth noting that IAC has historically surpassed EPS expectations in 50% of recent reports.
Wall Street Analysts' Projections
Examining the one-year price targets from 12 analysts, IAC Inc. displays an average target price of $65.08. The projections include a high estimate of $100.00 and a low estimate of $45.00. This range suggests a potential upside of 84.32% from the current trading price of $35.31. For further insights into these predictions, visit the IAC Inc (IAC, Financial) Forecast page.
Brokerage Recommendations and GF Value
The consensus from 14 brokerage firms ranks IAC with an average recommendation of 2.0, which falls into the "Outperform" category. This rating scale spans from 1, indicating a Strong Buy, to 5, suggesting a Sell.
According to GuruFocus estimates, the projected GF Value for IAC Inc. in the next year is $36.16. This GF Value estimate suggests a slight upside of 2.41% from the current price of $35.31. The GF Value represents GuruFocus' calculation of the stock's fair trading price, derived from historical trading multiples, past business growth, and future performance estimates. More extensive data and analysis are available on the IAC Inc (IAC, Financial) Summary page.
