LendingTree (TREE) Scheduled to Post Earnings on Tuesday

LendingTree (NASDAQ:TREE) is scheduled to be announcing its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.46 per share for the quarter. LendingTree has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.14. LendingTree had a negative net margin of 18.20% and a negative return on equity of 4.22%. The firm had revenue of $134.40 million for the quarter, compared to the consensus estimate of $135.55 million. During the same period last year, the firm earned ($0.53) earnings per share. On average, analysts expect LendingTree to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

LendingTree Price Performance

NASDAQ TREE opened at $37.90 on Friday. The company has a debt-to-equity ratio of 4.23, a quick ratio of 2.60 and a current ratio of 2.60. The firm’s 50 day moving average price is $38.36 and its 200-day moving average price is $28.81. LendingTree has a 52-week low of $10.12 and a 52-week high of $44.51. The company has a market cap of $494.22 million, a PE ratio of -4.02 and a beta of 2.19.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TREE shares. StockNews.com downgraded shares of LendingTree from a “buy” rating to a “hold” rating in a research note on Monday, March 25th. Keefe, Bruyette & Woods upgraded shares of LendingTree from a “market perform” rating to an “outperform” rating and raised their target price for the company from $24.00 to $45.00 in a research note on Wednesday, February 28th. Susquehanna raised their target price on shares of LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Truist Financial raised their target price on shares of LendingTree from $24.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of LendingTree from $25.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, LendingTree presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.57.

About LendingTree

LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.