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When InterActiveCorp report its second-quarter figures the markets are expecting to see the adjusted earnings per share improve from $0.04 up to $0.591 on a year-on-year basis. Comparable profits for the same period however will only be slightly improved, increasing to $777 million up from $756.32 million. Pre-tax profits are expected to jump from $11.894 million up to $55.629 million.
Institutional support for IAC is resoundingly positive with 12 analysts calling the company a buy, five a hold and only two as a sell. As the share price is currently trading at $75 it is still some 5.77% below the twelve-month average target of $79.33
Much of 2014 and 2015 has seen equity traders speculate over mergers and acquisitions as firms have desperately tried to make up for underfunding their research and development departments by acquiring new product lines. IAC, on the other hand, has had market watchers questioning whether it is preparing to split its core businesses. The company has already housed Tinder, Match.com and OkCupid.com under the Match Group banner while other arms like About.com and Ask.com are in another unit. The company might not be ready for an outright divorce but a conscious uncoupling could be on the cards.
Although the shares are off their March 2013 $80 highs they are making swift work of heading back to those lofty highs, and with new revenue streams being tapped into from matchmakers on Tinder, higher highs might not be too far away.