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

LendingTree

02/05/2023 14:32

* Lendingtree Inc  TREE.OQ  reported quarterly adjusted
earnings
of 25 cents​​ per share for the quarter ended in March. The mean
expectation of ten analysts for the quarter was for a loss of 10
cents per share.
    * Revenue fell 29.2% to $200.50 million from a year ago;
analysts
expected $207.03 million. 
    * Lendingtree Inc's reported EPS for the quarter was $1.04​.
    * The mean earnings estimate of analysts had fallen by
about 164.3% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Lendingtree Inc shares had fallen by 12.3% this
quarter and
gained 9.6% so far this year.
    * The company reported quarterly net income of $13.5
million.
    * Wall Street's median 12-month price target for Lendingtree
Inc
is $41.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
2 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.10          0.25           Beat
 Dec. 31 2022      -0.34          0.38           Beat
 Sep. 30 2022      -1.00          -0.36          Beat
 Jun. 30 2022      0.34           0.59           Beat