Lendingtree Inc expected to post earnings of 35  cents a share - Earnings Preview

LendingTree

27/10/2023 19:35

* Lendingtree Inc  TREE.OQ   TREE.O  is expected to show a
fall in
quarterly revenue when it reports  results 
    * The Charlotte North Carolina-based  company is expected to
report  a 32.3% decrease in revenue to $161.026 million from
$237.84 million a year ago, according to the mean estimate from
9 analysts, based on Refinitiv data. The company's guidance on
July 27 2023, for the period ended September 30, was for revenue
between $155.00 million and $170.00 million.
    * ​Refinitiv's mean analyst estimate for Lendingtree Inc is
for
earnings of 35 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Lendingtree
Inc
is $25.5​, above​ its last closing price of $10.51. ​​​

The company's guidance on July 27 2023 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD155 million and
USD22 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.31        0.30       1.14      Beat    284.8
 Mar. 31 2023  -0.10       -0.10      0.25      Beat    338.1
 Dec. 31 2022  -0.31       -0.34      0.38      Beat    211.1​
 Sep. 30 2022  -0.94       -1.00      -0.36     Beat    64
 ​​Jun.        0.08        0.34       0.59      Beat    71.5
 30 2022                                                
 Mar. 31 2022  0.07        0.08       0.46      Beat    491.4​
 Dec. 31 2021  -0.23       -0.30      -0.14     Beat    52.9
 Sep. 30 2021  0.55        0.57       0.75      Beat    31.3
 This summary was machine generated October 27 at 18:35 GMT.  All
figures in US dollars  unless otherwise stated