Digital media conglomerate IAC (NASDAQGS:IAC) will be announcing earnings results this Tuesday afternoon. Here’s what investors should know.

IAC missed analysts’ revenue expectations by 2% last quarter, reporting revenues of $589.8 million, down 8.1% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ revenue and EPS estimates.

Is IAC a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting IAC’s revenue to decline 11.1% year on year to $641 million, a further deceleration from the 4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.05 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at IAC’s peers in the media & entertainment segment, only Stride has reported results so far. It beat analysts’ revenue estimates by 0.5%, delivering year-on-year sales growth of 7.5%. The stock traded up 14.2% on the results.

Investors in the media & entertainment segment have had steady hands going into earnings, with share prices flat over the last month. IAC is down 5% during the same time and is heading into earnings with an average analyst price target of $46.25 (compared to the current share price of $36.96).

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