IAC/InterActiveCorp. First Quarter Earnings Sneak Peek

IAC/InterActiveCorp. (NASDAQ:IACI) will unveil its latest earnings on Wednesday, May 2, 2012. IAC operates internet businesses in the United States and a number of jurisdictions abroad.

IAC/InterActiveCorp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 31 cents per share, a rise of 40.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 30 cents. Between one and three months ago, the average estimate moved up. It has dropped from 33 cents during the last month. For the year, analysts are projecting net income of $2.04 per share, a decline of 6% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 18 cents, coming in at profit of 58 cents a share versus the estimate of net income of 40 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts predict a rise of 29% in revenue from the year-earlier quarter to $593.5 million.

Analyst Ratings: six out of 10 analysts surveyed (60%) have a buy rating on IAC/InterActiveCorp. This falls short of the analyst rating of 10 competitors, which average 65.1% buy ratings. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 43.9% to $48.8 million (53 cents a share) from $87 million (82 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 40% to $596.9 million from $426.4 million.

Key Stats:

The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 25.6% over the last four quarters.

Stock Price Performance: Between January 31, 2012 and April 26, 2012, the stock price rose $3.81 (8.9%), from $42.96 to $46.77. The stock price saw one of its best stretches over the last year between October 4, 2011 and October 14, 2011, when shares rose for nine straight days, increasing 12.9% (+$4.76) over that span. It saw one of its worst periods between April 13, 2012 and April 24, 2012 when shares fell for eight straight days, dropping 7.8% (-$3.87) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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