LendingTree Reports First Quarter 2021 Results
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Lending Tree (TREE) PT Lowered to $300 at Needham & Company, Keeps 'Buy' Following Earnings
April 29, 2021 12:20 PM EDTNeedham & Company analyst Mayank Tandon lowered the price target on Lending Tree (NASDAQ: TREE) to $300.00 (from $375.00) while maintaining a Buy rating.
The analyst commented, "TREE's 1Q results came in above consensus expectations on both the top and bottom line, largely due to impressive... More
LendingTree (TREE) Tops Q1 EPS by 30c, Revenues Beat; Offers 2Q Revenues Outlook
April 29, 2021 7:18 AM EDTLendingTree (NASDAQ: TREE) reported Q1 EPS of $0.18, $0.30 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $272.8 million versus the consensus estimate of $264.75 million.
"We're pleased to report another strong quarter at LendingTree," said Doug Lebda, Chairman and CEO. "We once again exceeded our prior guidance and each of our three segments is showing signs of momentum. Our Home segment was particularly strong in the quarter, delivering record revenue as both borrowers and lenders increasingly turn to LendingTree to... More
