Financial marketplace platform LendingTree (NASDAQ: TREE) will be reporting earnings this Thursday after market hours. Here’s what to look for.
LendingTree beat analysts’ revenue expectations last quarter, reporting revenues of $319.7 million, up 22.2% year on year. It was an incredible quarter for the company, with EBITDA guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.
Is LendingTree a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting LendingTree’s revenue to grow 34% year on year, slowing from the 42.9% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. LendingTree rarely misses Wall Street’s revenue estimates.
Looking at LendingTree’s peers in the consumer internet segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Robinhood delivered year-on-year revenue growth of 15.1%, missing analysts’ expectations by 5.3%, and Booking reported revenues up 16.2%, in line with consensus estimates.
Read our full analysis of Robinhood’s results here and Booking’s results here.
There has been positive sentiment among investors in the consumer internet segment, with share prices up 16.2% on average over the last month. LendingTree is up 18.2% during the same time and is heading into earnings with an average analyst price target of $65.17 (compared to the current share price of $49.87).
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