IAC (IAC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended September 2024, IAC (IAC) reported revenue of $938.72 million, down 15.5% over the same period last year. EPS came in at -$2.93, compared to -$0.30 in the year-ago quarter.The reported revenue represents a surprise of +1.64% over the Zacks Consensus Estimate of $923.6 million. With the consensus EPS estimate being -$0.20, the EPS surprise was -1365.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how IAC performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Angi Inc: $296.70 million versus $291.73 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -20.2% change. Revenue- Dotdash Meredith- Print Revenue: $198.50 million versus $195.15 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.1% change. Revenue- Dotdash Meredith- Digital Revenue: $246.40 million versus the three-analyst average estimate of $244.05 million. Revenue- Emerging & Other: $114.30 million versus the three-analyst average estimate of $112.51 million. The reported number represents a year-over-year change of -27.8%. Revenue- Dotdash Meredith: $439.50 million versus the three-analyst average estimate of $436 million. The reported number represents a year-over-year change of +5.3%. Revenue- Search: $88.30 million versus $81.43 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -46.8% change. Revenue- Intersegment eliminations: -$0.10 million compared to the -$0.09 million average estimate based on two analysts. The reported number represents a change of -95.8% year over year. Adjusted EBITDA- Angi Inc: $35.40 million versus the three-analyst average estimate of $32.03 million. Adjusted EBITDA- Dotdash Meredith: $68.60 million versus $68.29 million estimated by three analysts on average. Adjusted EBITDA- Corporate: -$16 million versus -$23.77 million estimated by three analysts on average. Adjusted EBITDA- Emerging & Other: $16 million compared to the $6.88 million average estimate based on three analysts. Adjusted EBITDA- Search: $2.50 million versus the three-analyst average estimate of $2.18 million. View all Key Company Metrics for IAC here>>>Shares of IAC have returned +1.2% over the past month versus the Zacks S&P 500 composite's +4.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Free Report: 5 Clean Energy Stocks with Massive UpsideEnergy is the backbone of our economy. It’s a multi-trillion dollar industry that has created some of the world’s largest and most profitable companies.Now state-of-the-art technology is paving the way for clean energy sources to overtake “old-fashioned” fossil fuels. Trillions of dollars are already pouring into clean energy initiatives, from solar power to hydrogen fuel cells.Emerging leaders from this space could be some of the most exciting stocks in your portfolio.Download Nuclear to Solar: 5 Stocks Powering the Future to see Zacks’ top picks free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report IAC Inc. (IAC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks