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

LendingTree

31/10/2023 13:31

* Lendingtree Inc  TREE.OQ  reported quarterly adjusted
earnings
of 61 cents​​ per share for the quarter ended in September. The
mean expectation of nine analysts for the quarter was
for earnings of 35 cents per share.
    * Revenue fell 34.7% to $155.20 million from a year ago;
analysts
expected $161.03 million. 
    * Lendingtree Inc's reported EPS for the quarter was a loss
of
$11.43​.
    * The mean earnings estimate of analysts was unchanged 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 28.6% this
quarter and
lost 48.1% so far this year.
    * The company reported a quarterly loss of $148.47 million.
    * Wall Street's median 12-month price target for Lendingtree
Inc
is $25.50 
    * 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
October 31 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.35           0.61           Beat
 Jun. 30 2023      0.30           1.14           Beat
 Mar. 31 2023      -0.10          0.25           Beat
 Dec. 31 2022      -0.34          0.38           Beat