LendingTree Surpasses Q3 Earnings Estimates, Raises 2024 View

Zacks11-02

LendingTree, Inc.’s TREE third-quarter 2024 adjusted net income per share of 80 cents topped the Zacks Consensus Estimate of 67 cents. The figure compares favorably with the 61 cents reported in the ...

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The figure compares favorably with the 61 cents reported in the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/lendingtree-surpasses-q3-earnings-estimates-164900708.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>LendingTree Surpasses Q3 Earnings Estimates, Raises 2024 View</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLendingTree Surpasses Q3 Earnings Estimates, Raises 2024 View\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-02 00:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/lendingtree-surpasses-q3-earnings-estimates-164900708.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LendingTree, Inc.’s TREE third-quarter 2024 adjusted net income per share of 80 cents topped the Zacks Consensus Estimate of 67 cents. The figure compares favorably with the 61 cents reported in the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/lendingtree-surpasses-q3-earnings-estimates-164900708.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TREE","symbol_name":"LendingTree","start_time":0,"source_url":"https://finance.yahoo.com/news/lendingtree-surpasses-q3-earnings-estimates-164900708.html","article_id":"2480856839","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ShfhwtDyA2WzDBKdAL7M8Q--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/6f2cab89bf2cbad1966358e04258e202"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480856839","pubTimestamp":1730479740,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"LendingTree, Inc.’s TREE third-quarter 2024 adjusted net income per share of 80 cents topped the Zacks Consensus Estimate of 67 cents. The figure compares favorably with the 61 cents reported in the prior-year quarter.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.The results were driven by increased earnings before interest, taxes, depreciation and amortization . A rise in revenues acted as another tailwind. However, an increase in total cost was a spoilsport.The results exclude certain non-recurring items. After considering these, TREE reported a GAAP net loss of $58 million compared with a loss of $148.5 million in the year-ago quarter.TREE’s Revenues, Variable Marketing Margin Increase. Total revenues grew 68% year over year to $260.8 million. The rise stemmed from a substantial increase in the Insurance segment's revenues. Also, the reported figure surpassed the Zacks Consensus Estimate by 6.9%.Adjusted EBITDA totaled $26.9 million, up 23% year ove","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TREE":"LendingTree"},"translate_title":"LendingTree超出第三季度盈利预期，上调2024年预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TREE":1},"content_text":"LendingTree, Inc.’s TREE third-quarter 2024 adjusted net income per share of 80 cents topped the Zacks Consensus Estimate of 67 cents. The figure compares favorably with the 61 cents reported in the prior-year quarter.\nFind the latest earnings estimates and surprises on the Zacks Earnings Calendar.\nThe results were driven by increased earnings before interest, taxes, depreciation and amortization (EBITDA). A rise in revenues acted as another tailwind. However, an increase in total cost was a spoilsport.\nThe results exclude certain non-recurring items. After considering these, TREE reported a GAAP net loss of $58 million compared with a loss of $148.5 million in the year-ago quarter.\nTREE’s Revenues, Variable Marketing Margin Increase\nTotal revenues grew 68% year over year to $260.8 million. The rise stemmed from a substantial increase in the Insurance segment's revenues. Also, the reported figure surpassed the Zacks Consensus Estimate by 6.9%.\nThe total cost of revenues was $9.4 million, up 23.8% from the prior-year quarter.\nAdjusted EBITDA totaled $26.9 million, up 23% year over year. The variable marketing margin was $77.2 million, up 14% year over year.\nAs of Sept. 30, 2024, cash and cash equivalents were $96.8 million compared with $66.8 billion as of June 30, 2024. Long-term debt was $346.2 million compared with $467.7 million as of June 30, 2024.\nLending Tree’s Outlook\nThe company provided the fourth-quarter 2024 outlook and updated its 2024 view.\n4Q 2024\nFor the fourth quarter of 2024, total revenues are estimated between $231 million and $241 million. Adjusted EBITDA and the variable marketing margin are anticipated between $20-$23 million and $69-$74 million, respectively.\n2024 \nFor 2024, total revenues are projected between $870 million and $880 million versus the prior mentioned $830-$870 million. Adjusted EBITDA is projected to be $92-$95 million versus the $85-$95 million stated previously. The variable marketing margin is expected to be $287-$292 million compared with the $280-$300 million mentioned earlier.\nOur View on Lending Tree\nTREE’s inorganic growth moves have strengthened its online lending platform. Its third-quarter results were boosted by strong growth in the Insurance segment revenues. The company’s efforts to boost revenues by diversifying its non-mortgage product offerings will support top-line growth in the future.\nLendingTree, Inc. Price, Consensus and EPS Surprise\n\n\nLendingTree, Inc. price-consensus-eps-surprise-chart | LendingTree, Inc. Quote\n\nCurrently, LendingTree carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nPerformance of Other Finance Stocks\nWaFd, Inc.’s WAFD fourth-quarter fiscal 2024 (ended Sept. 30) earnings of 71 cents per share surpassed the Zacks Consensus Estimate of 68 cents. Also, the bottom line declined 1.4% year over year.\nThe results reflected a rise in NII and non-interest income, driven by the acquisition of Luther Burbank Corporation in February. This supported WAFD’s top line. Higher loan balances and nil provisions were other positives. However, a rise in expenses acted as a spoilsport.\nHancock Whitney Corp.’s HWC third-quarter 2024 earnings per share of $1.33 beat the Zacks Consensus Estimate of $1.31. The bottom line compared favorably with the $1.12 per share registered in the year-ago quarter.\nHWC’s results were aided by an increase in non-interest income and NII. Lower expenses and provisions were positives. However, the decline in total loans and deposits affected the results to some extent.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nLendingTree, Inc. (TREE) : Free Stock Analysis Report\nWaFd, Inc. (WAFD) : Free Stock Analysis Report\nHancock Whitney Corporation (HWC) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480856839"}