From Nasdaq:

IAC (IAC) reported a quarterly loss of $0.73 per share, far worse than the Zacks Consensus Estimate of $0.20, and also lower than the loss of $0.05 per share a year ago. This resulted in an earnings surprise of -265%. Over the last four quarters, the company has surpassed consensus EPS estimates only once.

IAC had revenues of $1.06 billion for the quarter ended December 2023, falling short of the Zacks Consensus Estimate by 0.44%. The company’s stock performance will be influenced by management’s commentary on the earnings call. IAC shares have added about 1.2% since the start of the year, but its future earnings expectations will determine the stock’s immediate price movement.

IAC’s future stock performance depends on the company’s earnings outlook. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. With an unfavorable estimate revisions trend for IAC, this results in a Zacks Rank #4 (Sell) for the stock.

Another company to look out for is LSB (LXU), from the same industry as IAC, which is yet to report its quarterly results for December 2023. The results are expected to be released on March 5. LSB’s revenues are expected to be $127.62 million, down 45.4% from the year-ago quarter. The consensus is that LSB will see a year-over-year change of -88.9% in quarterly earnings.

Don’t Miss the Latest News on These Stocks: IAC Inc. (IAC) : Free Stock Analysis Report and Lsb Industries Inc. (LXU) : Free Stock Analysis Report. Visit Zacks.com for more information.



Read more: IAC (IAC) Reports Q4 Loss, Lags Revenue Estimates