Tree.com (TREE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
LendingTree, Inc. has surged over the past year, but a recent pullback may have some believing it is time to sell/avoid this stock. However, with TREE stock, the potential for further price appreciation remains strong, even if the housing market doesn't quickly return to boom times. Why? With the strength of this online consumer finance platform's insurance business already driving improved results, only slight improvements to mortgage demand may be needed to sustain further EPS growth.
TREE's collaborative partnership with Coverdash broadens its range of financial products for SMBs.
TREE's third-quarter 2024 results benefit from year-over-year increases in EBITDA and revenues. Rising costs act as headwinds.
LendingTree, Inc. (NASDAQ:TREE ) Q3 2024 Earnings Conference Call October 31, 2024 4:30 PM ET Company Participants Andrew Wessel - SVP, IR &Corporate Development Doug Lebda - Chairman & CEO Jason Bengel - CFO Scott Peyree - COO & President of Marketplace Businesses Conference Call Participants Jed Kelly - Oppenheimer & Company Ryan Tomasello - KBW John Campbell - Stephens Inc. Jamie Friedman - Susquehanna International Group Robert Zeller - Truist Securities Melissa Wedel - JPMorgan Mike Grondahl - Northland Operator Thank you for standing by, and welcome to LendingTree's Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only-mode.
The headline numbers for Tree.com (TREE) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Tree.com (TREE) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.61 per share a year ago.
LendingTree's share price surged 90% YTD and 271% in the last twelve months, driven by strong performance and expected rate cuts boosting demand. Fundamentals are strengthening with prospects of rate cuts in 2024 and 2025, improving demand for LendingTree's financial products and reducing bad debt risks. Business strategies, particularly in the insurance segment, are yielding significant revenue growth, with plans to replicate this success in home and consumer segments.
A fall in EBITDA and liquidity level negatively impacts LendingTree's (TREE) Q2 earnings, while higher revenues and lower costs support its performance.
While the top- and bottom-line numbers for Tree.com (TREE) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Tree.com (TREE) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $1.14 per share a year ago.
LendingTree (TREE) and Royal Caribbean (RCL) are two top-rated Zacks stocks that are very intriguing as their Q2 results approach on Thursday, July 25.