Editor's Note: A previous version of this report stated IAC/InterActiveCorp's reported first-quarter profit of 38 cents a share missed Wall Street's expectations. However, the company's adjusted first-quarter EPS of 51 cents came in better than the Street forecast.
Last quarter IAC/InterActiveCorp (IACI) posted an adjusted EPS that beat Wall Street's estimates, and it is scheduled to report again on Wednesday.
Analysts currently expect IAC/InterActiveCorp to come in with earnings of 55 cents per share on revenues of $664.1 million. Analysts gave estimates ranging from earnings per share to earnings per share. Over the past three months, the average estimate has moved up from 52 cents.
Recently, the stock price has been rising. Since July 12, 2012 the stock has risen $3.16 per share.
Company Fundamental Trends
With double-digit revenue growth the past nine quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 30.6% over the last four quarters. Profit has increased by a year-over-year average of more than twofold for the last four quarters, as the company has experienced a string of success recently.
Analysts are bullish on the stock as five analysts rate it as a buy and there are no sell ratings. IAC/InterActiveCorp's average analyst rating hasn't changed over the past three months.
Last Quarter's Results
In the first quarter, profit rose 90.8% to $34.5 million (38 cents a share) from $18.1 million (19 cents a share) the year earlier. On an adjusted basis, the company said it earned 51 cents a share, better than the Street's consensus estimate. Revenue rose 39.2% to $640.6 million from $460.2 million.
Reporting Period: 2Q
Date of Release: Wednesday, July 25, 2012 before market open
EPS: 55 cents
Revenue Estimate: $664.1 million
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)