Lendingtree Inc expected to post earnings of 4 cents a share - Earnings Preview

LendingTree

23/02/2024 13:53

* Lendingtree Inc  TREE.OQ   TREE.O  is expected to show a
fall in
quarterly revenue when it reports  results on February 27 for
the period ending December 31 2023
    * The Charlotte North Carolina-based  company is expected to
report a 32.9% decrease in revenue to $135.591 million from
$202.1 million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.The company's guidance on October
31 2023, for the period ended December 31, was for revenue
between $132.00 million and $142.00 million. (SAL/Revenue is on
total revenue/ Total operating revenue basis)
    * ​LSEG's mean analyst estimate for Lendingtree Inc is for
earnings of 4 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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 $24.00​, below​ its last closing price of $34.53. ​​​

The company's guidance on October 31 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD132 million and
USD17 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  
 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. 31 2022  -0.31       -0.34      0.38      Beat    211.1
 ​​Sep.        -0.94       -1.00      -0.36     Beat    64
 30 2022                                                
 Jun. 30 2022  0.08        0.34       0.59      Beat    71.5​
 Mar. 31 2022  0.07        0.08       0.46      Beat    491.4
 Dec. 31 2021  -0.23       -0.30      -0.14     Beat    52.9
 This summary was machine generated February 23 at 13:53 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)