=LendingTree (TREE) reported earnings on Tue 30 Apr 24 (b/o)

 

LendingTree beats by $0.79, beats on revs; guides Q2 revs above consensus; guides FY24 revs above consensus

• Reports Q1 (Mar) earnings of $0.70 per share, $0.79 better than the FactSet Consensus of ($0.09); revenues fell 16.3% year/year to $167.8 mln vs the $162.77 mln FactSet Consensus.
• Co issues upside guidance for Q2, sees Q2 revs of $175-190 mln vs. $168.29 mln FactSet Consensus.
• Co issues upside guidance for FY24, sees FY24 revs of $690-720 mln vs. $670.19 mln FactSet Consensus.
• "We are happy to report quarterly AEBITDA grew 49% YoY, exceeding the high end of our forecast. Our Insurance segment produced very strong performance in the first quarter, growing both revenue and segment profit by double-digits as insurance carrier partners steadily increase their budgets with us," said Doug Lebda, Chairman and CEO. "At the same time, a stable lending environment is benefiting Consumer segment revenue, allowing us to lean back into our marketing efforts to match more customers with the best financial products in our marketplace. We believe we are finally through the worst part of the cycle for our company, when all three of our reportable segments were operating at or near trough revenue levels."

Earnings this week : Apr 29 - May 3, 24 (wk 18)

Monday (Apr 29)

• Morning:  BEN DPZ HNI HOPE JKS ON PHG RIG RVTY SOFI
• Afternoon:  ACGL AIN AKR AMKR BRX CCK CHGG CNO COUR CVI CWK EG ESI FFIV FLS HLIT KFRC LSCC LTC MED MSA MSTR NXPI PARA PCH PLOW QGEN RMBS SANM SBAC ST SUI WELL WWD YUMC

Tuesday (Apr 30)

• Morning:  ACIW ADM AEP AMT APD ARCB ATI AWI CNP CVLT DAN DEA DTM EAT ECL EPD ETN ETRN FELE FSS GEHC GLW GPK HEES HRMY HUBB INCY IPGP IT ITW KBR KO LDOS LEA LGIH LLY MAC MASS MCD MLCO MLM MMM MPC MPLX NOG OCSL OMF PAG PCAR PEG PNM PYPL SCL SIRI SITC SYY TAP THC THRM TKR TMHC  TREE  TRS TT UFPI ZBRA
• Afternoon:  AMD AMZN AROC ASH ATEN AX BLKB BXP CACC CC CCCS CHK CLX CZR DBRG DENN EIX EQH ESS EXEL EXR FANG FBIN GPOR HI HURN INVH KAI LC LEG LFUS LMND LPLA LUMN MATX MDLZ MIR MMSI NARI NEO NMIH OI OKE PDM PINS PK POWL PRU PSA RNR  ROOT RSG SBUX SILK SKT SMCI SON STAG SWKS SYK TMDX TXG UDR UMBF UNM VNOM VOYA WERN WPC WTTR ZYXI

Wednesday (May 1)

• Morning:  ADP AER ALKS APA ARCC ASTE AVA AVT AXTA BIP BLCO BRY CDW CG CHEF CLH CNDT COCO COR CRS CTS CVS DAY DD DFIN DRS EEFT EL ENTG ESAB EXTR GNRC GPN GRMN GSK GTES IDXX JCI KHC KKR LIVN LTH MA MAR NBIX NCLH NNN NSP OGE PFE PPL PSN PUMP RGEN ROCK SHOO SITE SLGN SMG SR STGW SXC TECH TRN TTMI UTHR VRSK WEC WING WLK YUM
• Afternoon:  ACHC ACLS AEIS AFG AFL AIG ALB ALKT ALL ANSS ATRC AWK AXS BALY BHE BV BZH CAR CCRN CDE CF CHRW CODI CORT CRK CSGS CTSH CTVA CVNA CW CWAN CWH DASH DGII DLX DVN EBAY ELME ENVX EPR EQC ERII ETSY EVTC EXPI FCPT FLEX FORM FRSH FSLR FSLY GKOS GRBK HCC HLF HPP HST HTLF INFA JAZZ KAR KLIC KMPR KN MAA MCW MET MGM MKL MOS MPWR MRO MTG MTRN MUSA MYRG NFG NGVT NOVA NSA NTGR NVST PAYC PCOR PGRE PPC PRCT PRDO PTC PTEN QCOM QRVO QTWO RDN RELY RHP RLJ RSI RYN SDGR SFM SIGI SKWD SRI SRPT SUM TENB THG TROX TSLX TTEK UGI UPWK VICI VMI VTR WHD WOLF ZG

Thursday (May 2)

• Morning: AGCO AGIO ALNY AME APG APO APPN APTV ARES ARW ATUS AUPH AVNS BAX BDC BDX BPMC BRKR BTSG BTU BWA CAH CGNX CHD CI CMI CNHI CNK COP CRTO CYBR D DNB DRVN ECVT ENOV ES EXC EXLS FDP FLWS FTDR GEL GERN HAYW HII HWM ICE IDA IDCC INMD IQV IRM ITRI ITT JHG K KIM KRP KTB KYMR LAMR LANC LIN LNC LNTH LXP MBUU MCO MDU MGPI MRNA MT MTSI MUR NSIT NVCR NVRI OGN OLPX OMCL PATK PBF PBI PENN PH PJT PNW PTON PWR REGN RXO SABR SEE SHAK SHC SNDR SO SSTK SWI SWK SWTX TFX THRY TPB ULCC UPBD UTZ VMC VNT W WCC WD WEN WRK XPEL XRAY XYL ZBH ZTS
• Afternoon:  AAON AAPL ACA ACCO AEE AES ALHC ALTR AMGN AMH ARDX ASUR ATGE BBAI BECN BFAM BILL BJRI BKNG CABO CIVI CLFD COHU COIN CPT CTOS CTRA DKNG DLB DLR DRH DVA ED EOG EXPE FIVN FND FOXF FRT FTNT GDDY GDYN HOLX HTGC HUN ICFI ILMN IR IRTC JRVR KRC KURA KWR LASR LMAT LNT LOCO LYV MODV MP MSI MTZ NET OEC OHI OLED OPEN PCTY PLMR POST PTVE PXD REG REZI RGA RKT RMAX RYAN SEM SIMO SM SPT SPXC SQ STEM SWN TNDM TRUP TWST TXRH UDMY VIAV VIR VREX VRRM WK WSC WTRG WW X XHR XPOF

Friday (May 3)  

• Morning:  ADNT ATMU AXL BCPC CBOE CBRE CRBG ESNT FLGT FLR FYBR GPRE GTLS HSY KOP LNG NMRK NVT OMI PAA PRLB TILE TNC TRMB UNIT XPO

 

=LendingTree (TREE) reported earnings on Thur 25 July 2019 (b/o)

LendingTree misses by $0.22, beats on revs; guides Q3 revs above consensus; raises FY19 revs and EBITDA 

Reports Q2 (Jun) earnings of $1.18 per share, excluding non-recurring items, $0.22 worse thanthe S&P Capital IQ Consensus of $1.40; revenues rose 51.2% year/year to $278.4 mln vs the $267.46 mln S&P Capital IQ Consensus.

• Record Adjusted EBITDA of $46.3 million increased 25% over second quarter 2018.

Co issues upside guidancefor Q3, sees Q3 revs of $290-300 vs. $283.40 mln S&P Capital IQ Consensus; Variable Marketing Margin is expected in the range of $104 - $109 million. Adjusted EBITDA is anticipated in the range of $55 - $60 million.

Co issues in-line guidancefor FY19, sees FY19 revs of $1.08-1.10 bln (Prior $1.06-1.09 bln) vs. $1.08 bln S&P Capital IQ Consensus Variable Marketing Margin is expected in the range of $390 - $405 million, compared to prior range of $400 - $415 million. Adjusted EBITDA is anticipated in the range of $195 - $205 million, compared to prior range of $210 - $220 million.

-=LendingTree (TREE) reported earnings on Thur 1 Nov 2018 (b/o)

• Oct. 31: #20;  vol. 614K

LendingTree beats by $0.24, misses on revs; guides FY18 revs above consensus, raises EBITDA and Variable Marketing Margin; Lending in new areas offsetting weakness in mortgage, notes mortgage environment continues to worsen

Reports Q3 (Sep) earnings of $1.92 per share, excluding non-recurring items, $0.24 better than the S&P Capital IQ Consensus of $1.68; revenues rose 14.9% year/year to $197.1 mln vs the $199.28 mln S&P Capital IQ Consensus.

• Although the mortgage environment continues to worsen, our other businesses are picking up the slack, enabling us to stay focused on enhancing the mortgage experience.
• Record revenue from non-mortgage products of $141.8 million in the third quarter represents an increase of 45% over the third quarter 2017.
• Record personal loans revenue of $38.6 million grew 52% over third quarter 2017.
• Revenue from credit card offerings grew to $42.7 million, up 8% over the third quarter 2017 and up 10% sequentially.
• Several other non-mortgage categories experienced year-over-year revenue growth of more than 100%, including student loans, small business loans, and deposits.
• Mortgage revenue of $55.3 million declined 25% compared to the third quarter 2017, driven by a decline in refinance revenue.
• More than 9.6 million consumers have now signed up for My LendingTree.

Co issues upside guidance for FY18, sees FY18 revs of $765-775 mln (Prior $745-765 mln) vs. $755.62 mln S&P Capital IQ Consensus.

• Raises Variable Marketing Margin to $283-288 mln from $275-285 mln.
• Raises EBITDA in the range of $152-155 mln from $148-152 mln.

-=LendingTree (TREE) reported earnings on Thur 26 Apr 2018 (b/o)

CHARLOTTE, N.C. (AP) _ Tree.com Inc. (TREE) on Thursday reported first-quarter net income of $31.5 million.

The Charlotte, North Carolina-based company said it had profit of $2.12 per share. Earnings, adjusted for one-time gains and costs, were $1.10 per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.

The mortgage lending service provider posted revenue of $181 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $173.6 million.

For the current quarter ending in July, Tree.com said it expects revenue in the range of $193 million to $200 million.

The company expects full-year revenue in the range of $770 million to $790 million.

Tree.com shares have fallen almost 10 percent since the beginning of the year. The stock has more than doubled in the last 12 months.

=LendingTree (TREE) reported earnings on Thur 26 Oct 2017 (b/o)

LendingTree beats by $0.20, beats on revs; raises FY17 revs above consensus; also raises FY17 Adj EBITDA guidance

• Reports Q3 (Sep) earnings of $1.17 per share, $0.20 better than the Capital IQ Consensus of $0.97; revenues rose 81.3% year/year to $171.5 mln vs the $157.97 mln Capital IQ Consensus.
• Co issues upside guidance for FY17, sees FY17 revs of $603-608 mln vs. $588.93 mln Capital IQ Consensus Estimate, and above prior guidance of $580-590 million
  • Variable Marketing Margin is anticipated to be $202-205 million compared to prior guidance of $190-195 million.
  • Adjusted EBITDA is anticipated to be in the range of $111-113 million, up 59% - 62% over full-year 2016 and an increase from prior guidance of $103-106 million.

=LendingTree (TREE) reported earnings on Thur 27 July 2017 (b/o)

LendingTree misses by $0.04, beats on revs; guides Q3 revs above consensus; raises FY17 revs above consensus :

• Reports Q2 (Jun) earnings of $0.90 per share, $0.04 worse than the Capital IQ Consensus of $0.94; revenues rose 62.0% year/year to $152.8 mln vs the $135.48 mln Capital IQ Consensus. Total loan requests in the quarter of 5.4 million grew 48%. Record Variable Marketing Margin of $48.3 million represents an increase of $14.3 million, or 42%, over second quarter 2016. Record Adjusted EBITDA of $27.0 million increased $10.3 million, or 62%, over second quarter 2016.
• Co issues upside guidance for Q3, sees Q3 revs of $155-160 mln vs. $138.09 mln Capital IQ Consensus Estimate; VMM $51-54 mln; EBITDA $28-30 mln.
• Co issues upside guidance for FY17, raises FY17 revs to $580-590 mln from $535-545 mln vs. $543.02 mln Capital IQ Consensus; VMM 190-195 mln; EBITDA $103-106 mln.

=LendingTree (TREE) reported earnings on Thur 23 Feb 17 (b/o)

LendingTree beats by $0.09, beats on revs; guides Q1 revs above consensus; guides FY17 revs in-line:

• Reports Q4 (Dec) earnings of $0.87 per share, excluding non-recurring items, $0.09 better than the Capital IQ Consensus of $0.78; revenues rose 28.7% year/year to $100.8 mln vs the $97.43 mln Capital IQ Consensus. 
  • Record Variable Marketing Margin of $36.8 million represents an increase of $8.7 million, or 31%, over fourth quarter 2015.
  • Record Adjusted EBITDA of $18.9 million increased $6.9 million, or 58%, over fourth quarter 2015.
  • Total loan requests in the quarter of 4.1 million grew 57% compared to fourth quarter 2015
  • Revenue from mortgage products of $55.4 million represents an increase of 18% over fourth quarter 2015 and reflects 4% sequential growth during what is typically a seasonally challenging quarter.
  • Record revenue from non-mortgage products of $45.4 million in the fourth quarter represents an increase of 45% over the fourth quarter 2015 and comprised 45% of total revenue.
• Co issues upside guidance for Q1, sees Q1 revs of $122-126 mln vs. $121.11 mln Capital IQ Consensus; Variable marketing margin $41-43 mln; EBITDA $20.5-22 mln.
• Co issues in-line guidance for FY17, sees FY17 revs of $500-520 mln vs. $511.78 mln Capital IQ Consensus; VMM $175-185 mln; EBITDA $93-97 mln.

=LendingTree (TREE) reported earnings on Thur 27 Oct 2016 (b/o)

LendingTree reports EPS in-line, misses on revs; lowers FY16 rev guidance :

• Reports Q3 (Sep) earnings of $0.80 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.80; revenues rose 35.5% year/year to $94.6 mln vs the $96.86 mln Capital IQ Consensus.
  • Revenue from non-mortgage products of $41.0 million represents an increase of 60% over third quarter 2015.
  • "We delivered our fifth consecutive quarter of record adjusted EBITDA and set a new record for non-mortgage revenue thanks to growth in several categories. And in a quarter where mortgage interest rates hovered near historic lows and mortgage lenders reduced demand, we optimized our business to expand margins and grow profits. Delivering record profitability along with year-over-year revenue growth across all lending categories further solidifies LendingTree's position as a leader in the industry's online transformation."
• Co lowers guidance for FY16, sees FY16 revs of $370-375 mln (prior $380-390 mln) vs. $382.86 mln Capital IQ Consensus Estimate.
• Adjusted EBITDA is expected to remain in the range of $64 - $66 million, or 57% - 62% over to full-year 2015.
• Variable Marketing Margin is now anticipated to be $134 - $137 million, or 41% - 44% over full-year 2015.

=LendingTree (TREE) reported earnings on Thur 28 Jul 2016 (b/o)

LendingTree beats by $0.23, reports revs in-line with EBITDA and variable marketing margin above guidance; guides Q3 revs in-line; reaffirms FY16 revs, raises EBITDA guidance  :

• Reports Q2 (Jun) earnings of $0.92 per share, excluding non-recurring items, $0.23 better thanthe Capital IQ Consensus of $0.69; revenues rose 71.1% year/year to $94.3 mln vs the $95.14 mln Capital IQ Consensus. 
  • EBITDA $16.7 mln vs. $13.5-15.0 mln guidance; Variable Marketing margin $34 mln vs. $32-33.5 mln guidance. 
  • Total loan requests in the quarter grew to 3.6 million, up 84% over second quarter 2015. Record revenue from mortgage products of $56.0 million represents an increase of 51% over second quarter 2015. Mortgage originations nationwide grew 4% year over year, according to a survey of industry estimates.
• Co issues in-line guidance for Q3, sees Q3 revs of $96-99 mln vs. $98.00 mln Capital IQ Consensus Estimate. Variable Marketing Margin is anticipated to be in the range of $35.0 - $36.5 million, growing 44% - 50% over third quarter 2015. Adjusted EBITDA is anticipated to be in the range of $16.5 - $17.5 million, implying year-over-year growth of 50% - 59%.
• Co reaffirms guidance for FY16, sees FY16 revs of $380-390 mln vs. $387.57 mln Capital IQ Consensus Estimate. Variable Marketing Margin is now anticipated to be $137 - $139 million, or 44% - 46% over full-year 2015, due to improved margin outlook. This represents an increase from prior guidance of $134 - $137 million. Adjusted EBITDA is now anticipated to be in the range of $64 - $66 million, or 57% - 62% compared to full-year 2015, an increase from prior guidance of $62 - $65 million.

=Lendingtree (TREE) reported earnings on Thur 25 Feb 2016 (b/o)

• The company reported a beat on top and bottom-line figures while issuing above-consensus guidance for Q1.

The company beat profit and revenue estimates for the fourth quarter and offered upbeat guidance. The online lender said it had net income of $32.1 million, or $2.47 a share, in the fourth quarter, up from $15.6 million, or 18 cents a share, in the year-earlier period. Adjusted per-share earnings came to $2.47. The adjusted number benefited from a $23.9 million tax benefit. The FactSet consensus was for EPS of 56 cents. Revenue rose to $78.3 million from $69.8 million, ahead of the FactSet consensus of $76.3 million. Chief Executive Doug Lebda said the company saw growth in all lending categories, including from new products. Looking ahead, the company is expecting first-quarter revenue to range from $85 million to $87 million, ahead of the FactSet consensus of $75.7 million. The company's board has added $40 million to the company's share buyback program. Shares have gained about 49% in the last 12 months, while the S&P 500 has fallen 9%.

= LendingTree (TREE) raises its FY 2015 revenue guidance

LendingTree (TREE) raised its FY 2015 revenue guidance. The company also raised its guidance on Adjusted EBITDA to $38.8-$39.8 million from $38.3-38.8 million. On a related note, the weekly MBA Mortgage Index was released this morning, which showed a seasonally adjusted increase of 21.3% in mortgage applications.

Lendingtree (TREE) reported earnings on Mon 26 October 2015 (b/o)

** charts after earnings **