Lendingtree Inc expected to post earnings of 46 cents a share - Earnings Preview

LendingTree

23/07/2024 22:24

* Lendingtree Inc  TREE.OQ   TREE.O  is expected to show a
rise in
quarterly revenue when it reports  results on July 25 for the
period ending June 30 2024
    * The Charlotte North Carolina-based  company is expected to
report a 2.7% increase in revenue to $187.361 million from
$182.5 million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on June 18
2024, for the period ended June 30, was for revenue between
$175.00 million and $190.00 million. (SAL/Revenue is on total
revenue/ Total operating revenue basis)
    * ​LSEG's mean analyst estimate for Lendingtree Inc is for
earnings of 46 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 $55.00​, above​ its last closing price of $54.50. ​​​

The company's guidance on June 18 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD175 million and USD26 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  
 Mar. 31 2024  0.43        0.37       0.70      Beat    90.5
 Jan. 1 2024   0.36        0.04       0.28      Beat    553.3
 Jan. 1 0001   0.36        0.35       0.61      Beat    76​
 Jun. 30 2023  0.31        0.30       1.14      Beat    284.8
 ​​Mar.        -0.10       -0.10      0.25      Beat    338.1
 31 2023                                                
 Dec. 31 2022  -0.31       -0.34      0.38      Beat    211.1​
 Sep. 30 2022  -0.94       -1.00      -0.36     Beat    64
 Jan. 1 0001   0.08        0.34       0.59      Beat    71.5
 This summary was machine generated July 23 at 21:24 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)