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

LendingTree

25/07/2024 22:47

* Lendingtree Inc  TREE.OQ  reported quarterly adjusted
earnings
of 54 cents​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of $1.14.  The mean expectation of eight analysts for the
quarter was for earnings of 46 cents per share. Wall Street
expected results to range from -99 cents to $1.05 per share.
    * Revenue rose 15.1% to $210.10 million from a year ago;
analysts
expected $187.36 million. 
    * Lendingtree Inc's reported EPS for the quarter was 58
cents​.
    * The company reported quarterly net income of $7.75
million.
    * Lendingtree Inc shares had risen by 26.0% this quarter and
gained 72.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.8%
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 6 "strong buy" or "buy," 2
"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 $55.00 
This summary was machine generated from LSEG data July 25 at
09:46 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
 Jan. 1 0001       0.46           0.54           Beat
 Mar. 31 2024      0.37           0.70           Beat
 Dec. 31 2023      0.04           0.28           Beat
 Sep. 30 2023      0.35           0.61           Beat