IAC/InterActiveCorp (NASDAQ:IAC) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, IAC is expected to report 3Q20 loss of $ 0.57 per share from revenue of $ 766.69 million.
For the full year, analysts anticipate top line of $ 2925.63 million, while looking forward to loss of $ 5.69 per share bottom line.
Previous Quarter Performance
IAC/InterActiveCorp posted loss for the second quarter of $ 1.13 per share, from the revenue of $ 726.36 million. The quarterly revenues reduced 38.79 percent compared with the same quarter last year. Wall street analysts are predicting, IAC to report 2Q20 income of $ 2.12 per share from revenue of $ 1214.78 million. The bottom line results missed street analysts by $ 3.25 or 153.3 percent, at the same time, top line results fell short of analysts by $ 488.42 million or 40.21 percent.
Stock Performance
Shares of IAC/InterActiveCorp traded up $ 4.86 or 3.85 percent on Wednesday, reaching $ 130.98 with volume of 687.00 thousand shares. IAC/InterActiveCorp has traded high as $ 132.28 and has cracked $ 128.66 on the downward trend
The closing price of $ 130.98, representing a 209.12 % increase from the 52 week low of $ 40.80 and a 8.59 % decrease over the 52 week high of $ 137.97.
The company has a market capital of $ 11.17 billion and is part of the Technology sector and Internet Content & Information industry.
Recent Analyst recommendations
- On 25th September 2020, initiated by Piper Sandler at Overweight rating, with $ 145.00 target price.
- On 15th September 2020, initiated by KeyBanc at Overweight rating, with $ 160.00 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.
