LendingTree, Inc. (NASDAQ:TREE) is set to announce third quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, TREE to report 3Q20 loss of $ 0.13 per share.
For the full year, analysts anticipate top line of $ 893.41 million, while looking forward to income of $ 1.74 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 200.00 million ~ $ 215.00 million
Full Year 2020 topline are forecasted in a range of$ 1,250.00 million ~ $ 1,300.00 million
Click Here For More Historical Outlooks Of LendingTree, Inc.
Previous Quarter Performance
LendingTree, Inc. unwinded income for the second quarter of $ 0.46 per share, from the revenue of $ 184.33 million. The quarterly earnings decreased 61.02 percent while revenues dropped 33.79 percent compared with the same quarter last year. The top line results outshined analysts by $ 8.95 million or 5.10 percent.
Stock Performance
Shares of LendingTree, Inc. traded up $ 8.96 or 2.64 percent on Wednesday, reaching $ 348.78 with volume of 168.20 thousand shares. LendingTree, Inc. has traded high as $ 357.17 and has cracked $ 338.53 on the downward trend
The closing price of $ 348.78, representing a 150.38 % increase from the 52 week low of $ 135.72 and a 10.12 % decrease over the 52 week high of $ 378.09.
The company has a market capital of $ 4.57 billion and is part of the Financial Services sector and Specialty Finance industry.
Conference Call
LendingTree, Inc. will be hosting a conference call at 9:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lendingtree.com
LendingTree, Inc., through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans in the United States. Its mortgage products comprise purchase and refinance products. The company also provides information, tools, and access to various conditional loan offers for non-mortgage products, including auto loans, credit cards, home equity loans, personal loans, reverse mortgages, small business loans, and student loans.
