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Here's Why You Should Hold on to LendingTree (TREE) Stock Now
Zacks Investment Research· 2024-05-06 16:21
LendingTree, Inc.’s (TREE) initiatives to strengthen SPRING and TreeQual platforms will improve cross-selling opportunities. Moreover, its focus on non-mortgage product offerings will aid revenue growth. Yet, rising costs will impede the bottom line. Any decline in the Insurance segment’s revenues will affect the total revenues. With a weak liquidity position, its capital distribution activities seem unsustainable.LendingTree is committed to boosting revenues by diversifying its non-mortgage product offerin ...
LendingTree(TREE) - 2024 Q1 - Quarterly Report
2024-05-01 21:11
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-34063 LendingTree, Inc. (Exact name of Registrant as specified in its charter) Delaware 26-2414818 (State or other jurisdict ...
LendingTree (TREE) Gains 29.2% as Q1 Earnings Beat Estimates
Zacks Investment Research· 2024-05-01 13:56
LendingTree, Inc.’s (TREE) shares rallied 29.2% following the release of its higher-than-expected first-quarter 2024 results. Adjusted net income per share of 70 cents beat the Zacks Consensus Estimate of 46 cents. The reported figure compares favorably with 25 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 $1 million, down 92.6% from the year-ago quarter's level.Revenues & Variable Mar ...
LendingTree(TREE) - 2024 Q1 - Earnings Call Transcript
2024-04-30 17:47
LendingTree, Inc. (NASDAQ:TREE) Q1 2024 Earnings Conference Call April 30, 2024 9:00 AM ET Company Participants Andrew Wessel - Head of IR Doug Lebda - Chairman, Chief Executive Officer, and Founder Scott Peyree - President of Marketplace Businesses and Chief Operating Officer Trent Ziegler - Chief Financial Officer Conference Call Participants Youssef Squali - Truist Securities Jed Kelly - Oppenheimer Ryan Tomasello - KBW John Campbell - Stephens Melissa Wedel - JPMorgan Mike Grondahl - Northern Securities ...
Tree.com (TREE) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-04-30 15:31
Tree.com (TREE) reported $167.8 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 16.3%. EPS of $0.70 for the same period compares to $0.25 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $164.03 million, representing a surprise of +2.30%. The company delivered an EPS surprise of +52.17%, with the consensus EPS estimate being $0.46.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...
Tree.com (TREE) Q1 Earnings and Revenues Surpass Estimates
Zacks Investment Research· 2024-04-30 13:11
Tree.com (TREE) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 52.17%. A quarter ago, it was expected that this mortgage lending service provider would post earnings of $0.14 per share when it actually produced earnings of $0.28, delivering a surprise of 100%.Over the last four quart ...
LendingTree(TREE) - 2024 Q1 - Quarterly Results
2024-04-30 11:17
Exhibit 99.2 April 30, 2024 Fellow Shareholders: We are pleased to report strong first quarter results that demonstrate the positive inflection we are seeing across our business. It is becoming increasingly clear that the worst of this economic cycle is behind us, and the actions we have taken over the last year have positioned the Company to deliver profitable and accelerating growth as we progress through the remainder of 2024. Every segment produced sequential top line growth in the quarter, highlighted ...
LendingTree, Inc. to Report First Quarter 2024 Earnings on April 30, 2024
Prnewswire· 2024-04-16 20:15
CHARLOTTE, N.C., April 16, 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 first quarter 2024 results on Tuesday, April 30, 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 the Co ...
Fast-paced Momentum Stock LendingTree (TREE) Is Still Trading at a Bargain
Zacks Investment Research· 2024-03-22 13:51
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 ...
Here's Why Tree.com (TREE) is a Strong Momentum Stock
Zacks Investment Research· 2024-03-21 15:11
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zack ...