Lending Tree (TREE) PT Lowered to $300 at Needham & Company, Keeps 'Buy' Following Earnings

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Go back to Lending Tree (TREE) PT Lowered to $300 at Needham & Company, Keeps 'Buy' Following Earnings

LendingTree (TREE) Tops Q1 EPS by 30c, Revenues Beat; Offers 2Q Revenues Outlook

April 29, 2021 7:18 AM EDT

LendingTree (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