Lendingtree Inc reports results for the quarter ended in December - Earnings Summary

LendingTree

27/02/2024 14:31

* Lendingtree Inc  TREE.OQ  reported quarterly adjusted
earnings
of 28 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 38 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 4 cents per share. Wall Street
expected results to range from -42 cents to 45 cents per share.
    * Revenue fell 33.5% to $134.40 million from a year ago;
analysts
expected $135.59 million. 
    * Lendingtree Inc's reported EPS for the quarter was 98
cents​.
    * The company reported quarterly net income of $12.72
million.
    * Lendingtree Inc shares had risen by 13.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the consumer
lending
peer group is also "buy"

Wall Street's median 12-month price target for Lendingtree Inc
is $24.00 
This summary was machine generated from LSEG data February 27 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.04           0.28           Beat
 Sep. 30 2023      0.35           0.61           Beat
 Jun. 30 2023      0.30           1.14           Beat
 Mar. 31 2023      -0.10          0.25           Beat