Financial marketplace platform LendingTree (NASDAQ:TREE) will be reporting earnings this Wednesday after market hours. Here’s what to expect.
LendingTree beat analysts’ revenue expectations last quarter, reporting revenues of $327.3 million, up 36.5% year on year. It was a very strong quarter for the company, with EBITDA guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.
Is LendingTree a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting LendingTree’s revenue to grow 26.2% year on year, improving from the 19% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. LendingTree rarely misses Wall Street’s revenue estimates.
Looking at LendingTree’s peers in the consumer internet segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Alphabet delivered year-on-year revenue growth of 24.2%, beating analysts’ expectations by 2.2%, and Netflix reported revenues up 13.4%, in line with consensus estimates. Alphabet traded down 7.1% following the results while Netflix was also down 7.3%.
Read our full analysis of Alphabet’s results here and Netflix’s results here.
Investors in the consumer internet segment have had steady hands going into earnings, with share prices up 1.2% on average over the last month. LendingTree is down 6.3% during the same time and is heading into earnings with an average analyst price target of $63.83 (compared to the current share price of $40.06).
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