🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

LendingTree Rallies As Q1 Revenue Guidance Reaches Above Estimates

Published 26/02/2022, 07:48 am
TREE
-

By Sam Boughedda

Investing.com -- Loan provider LendingTree Inc (NASDAQ:TREE) saw its shares jump Friday after it reported fourth-quarter earnings before the bell.

The North Carolina-based business announced earnings per share of $3.53 on revenue of $258.3 million. Analysts polled by Investing.com anticipated EPS of $1.07 on revenue of $259.44 million.

LendingTree's shares jumped 14% above Thursday's close, driven by the company's revenue outlook for the first quarter.

LendingTree sees first quarter revenue between $280 million and $290 million, above the consensus estimate of $277.7 million. For the full year, it expects revenue in a range of $1.2 billion to $1.25 billion.

"The Home and Consumer segments continue to perform well, helping offset headwinds in our Insurance business that we see as temporary," said Trent Ziegler, LendingTree's CFO.

"Our capital structure and balance sheet afford us flexibility we have not had since before the onset of the pandemic and allowed us to restart our share repurchase during the quarter," added Ziegler.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.