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Why Fast-paced Mover Tree.com (TREE) Is a Great Choice for Value Investors
Zacks Investment Research· 2024-03-01 14:51
Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...
What Makes Tree.com (TREE) a New Strong Buy Stock
Zacks Investment Research· 2024-02-28 18:01
Investors might want to bet on Tree.com (TREE) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power of ...
LendingTree(TREE) - 2023 Q4 - Annual Report
2024-02-28 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the transition period from to Commission File No. 001-34063 __________________________________________________ LendingTree, Inc. (Exact name of Registrant as specified in its charter) Washington, D.C. 20549 __________________________________________________ FORM 10-K __________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ende ...
LendingTree (TREE) Q4 Earnings Beat Estimates, Revenues Fall
Zacks Investment Research· 2024-02-28 14:51
LendingTree, Inc.’s (TREE) fourth-quarter 2023 adjusted net income per share of 28 cents beat the Zacks Consensus Estimate of 14 cents. However, the reported figure compares unfavorably with 38 cents reported in the prior-year quarter.The company’s results were aided by lower costs, while a decline in revenues was a spoilsport.LendingTree reported net income of $12.7 million against a loss of $10.4 million in the year-ago quarter.In 2023, adjusted net income per share of $2.28 beat the consensus estimate of ...
LendingTree(TREE) - 2023 Q4 - Earnings Call Transcript
2024-02-27 18:12
LendingTree, Inc. (NASDAQ:TREE) Q4 2023 Earnings Conference Call February 27, 2024 9:00 AM ET Company Participants Andrew Wessel - Head of IR Doug Lebda - Chairman and CEO Scott Peyree - COO and President of Marketplace Businesses Trent Ziegler - CFO Conference Call Participants Jed Kelly - Oppenheimer Youssef Squali - Truist Securities Ryan Tomasello - KBW John Campbell - Stephens Melissa Wedel - JPMorgan Jamie Friedman - Susquehanna Operator Good day and thank you for standing by. Welcome to the LendingTr ...
Compared to Estimates, Tree.com (TREE) Q4 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-02-27 16:01
For the quarter ended December 2023, Tree.com (TREE) reported revenue of $134.4 million, down 33.5% over the same period last year. EPS came in at $0.28, compared to $0.38 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $135.55 million, representing a surprise of -0.85%. The company delivered an EPS surprise of +100.00%, with the consensus EPS estimate being $0.14.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall St ...
LendingTree(TREE) - 2023 Q4 - Annual Results
2024-02-26 16:00
Exhibit 99.2 February 27, 2024 Fellow Shareholders: We took numerous actions to simplify our business in 2023 that directly improved profitability and we project will enable us to grow AEBITDA in 2024. We exited businesses that no longer fit with our strategy, reduced complexity as well as headcount, and strategically invested in our core marketplace, infrastructure and consumer experience. All three of our reportable segments have operated through historic disruption following rapid increases in interest r ...
Curious about Tree.com (TREE) Q4 Performance? Explore Wall Street Estimates for Key Metrics
Zacks Investment Research· 2024-02-26 15:20
The upcoming report from Tree.com (TREE) is expected to reveal quarterly earnings of $0.14 per share, indicating a decline of 63.2% compared to the year-ago period. Analysts forecast revenues of $135.55 million, representing a decrease of 32.9% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company reveals its earnings, it is vita ...
LendingTree, Inc. to Report Fourth Quarter 2023 Earnings on February 27, 2024
Prnewswire· 2024-02-20 15:38
CHARLOTTE, N.C., Feb. 20, 2024 /PRNewswire/ -- LendingTree, Inc. (NASDAQ: TREE), operator of LendingTree.com, the nation's leading online financial services marketplace, today announced that it will release fiscal fourth quarter 2023 results on Tuesday, February 27, 2024, at 7:00 a.m. ET. The company will also post a letter to shareholders on the Company's website at investors.lendingtree.com.  The Company will hold a conference call at 9:00 a.m. ET that same day, which will be simultaneously webcast via th ...
Despite Fast-paced Momentum, Tree.com (TREE) Is Still a Bargain Stock
Zacks Investment Research· 2024-02-01 14:50
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves a ...