Lendingtree Inc expected to post earnings of 37 cents a share - Earnings Preview

LendingTree

26/04/2024 13:52

* Lendingtree Inc  TREE.OQ   TREE.O  is expected to show a
fall in
quarterly revenue when it reports  results on April 30 for the
period ending March 31 2024
    * The Charlotte North Carolina-based  company is expected to
report a 18.8% decrease in revenue to $162.773 million from
$200.5 million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on February
27 2024, for the period ended March 31, was for revenue between
$158.00 million and $168.00 million.
    * ​LSEG's mean analyst estimate for Lendingtree Inc is for
earnings of 37 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"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 $40.00​, above​ its last closing price of $36.43. ​​​

The company's guidance on February 27 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD158 million and USD21 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.15        0.04       0.28      Beat    553.3
 Sep. 30 2023  0.36        0.35       0.61      Beat    76
 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.        -0.31       -0.34      0.38      Beat    211.1
 31 2022                                                
 Sep. 30 2022  -0.94       -1.00      -0.36     Beat    64​
 Jun. 30 2022  0.08        0.34       0.59      Beat    71.5
 Mar. 31 2022  0.07        0.08       0.46      Beat    491.4
 This summary was machine generated April 26 at 12:52 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)