LendingTree (TREE) Tops Q4 EPS by 9c

LendingTree (NASDAQ: TREE) reported Q4 EPS of $0.87, $0.09 better than the analyst estimate of $0.78. Revenue for the quarter came in at $100.8 million versus the consensus estimate of $97.4 million.

• 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.
• Including impact from the acquisition of CompareCards on November 16, 2016, revenue from our credit card offerings grew to $16.0 million, an increase of 145% compared to fourth quarter 2015
• Home equity revenue grew 134% over fourth quarter 2015 and marked its eight consecutive quarter of sequential growth.
• More than 4.3 million consumers have now signed up for free credit scores and savings alerts through My LendingTree, and the revenue contribution from My LendingTree achieved record levels in the month of January.

For earnings history and earnings-related data on LendingTree (TREE) click here.

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