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

LendingTree

27/07/2023 17:09

* Lendingtree Inc  TREE.OQ  reported quarterly adjusted
earnings
of $1.14​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for earnings of
30 cents per share.
    * Revenue fell 30.3% to $182.50 million from a year ago;
analysts
expected $193.64 million. 
    * Lendingtree Inc's reported EPS for the quarter was a loss
of 1
cent​.
    * The mean earnings estimate of analysts had fallen by
about 33.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Lendingtree Inc shares had risen by 27.2% this quarter and
gained 31.9% so far this year.
    * The company reported a quarterly loss of $115 thousand.
    * Wall Street's median 12-month price target for Lendingtree
Inc
is $24.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
27 at 04:09 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.30           1.14           Beat
 Mar. 31 2023      -0.10          0.25           Beat
 Dec. 31 2022      -0.34          0.38           Beat
 Sep. 30 2022      -1.00          -0.36          Beat