Core Viewpoint - Tree.com (TREE) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, indicating a positive earnings outlook that may lead to increased stock price [1][3]. Earnings Estimates and Stock Price Movement - The change in a company's future earnings potential, as reflected in earnings estimate revisions, is strongly correlated with near-term stock price movements, influenced by institutional investors [4]. - For Tree.com, rising earnings estimates and the consequent rating upgrade signify an improvement in the company's underlying business, which is expected to drive the stock price higher [5]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks generating an average annual return of +25% since 1988 [7]. - The Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings across its universe of over 4000 stocks, ensuring that only the top 20% receive favorable ratings [9][10]. Earnings Estimate Revisions for Tree.com - Tree.com is expected to earn $2.67 per share for the fiscal year ending December 2024, reflecting a year-over-year change of 17.1% [8]. - Over the past three months, the Zacks Consensus Estimate for Tree.com has increased by 24%, indicating a positive trend in earnings estimates [8].

Group 1 - LendingTree, Inc. (NASDAQ: TREE) shares have increased by over 27% year-to-date despite a recent decline [1] - The stock price of TREE has nearly doubled in the past few months, indicating strong performance in the online platform for mortgages, insurance, and other financial services [1]

CHARLOTTE, N.C., Nov. 26, 2024 /PRNewswire/ -- LendingTree®, the nation's leading marketplace for loans, credit cards, and insurance and more, recently held the company's annual Lender Summit, bringing together America's top lenders and industry experts to discuss the challenges and opportunities available within the mortgage industry. During the event's annual Innovation Challenge, Kastle was named the winner with their AI Voice technology, a groundbreaking solution for the mortgage industry. Kastle Wi ...

Lending Tree, Inc. (TREE) partnered with Coverdash, the fastest-growing startup and small to medium-sized businesses (“SMB”) focused on insurtech broker. This partnership should enable Lending Tree to offer business insurance to its clients for the first time. This collaborative partnership broadens Lending Tree's range of financial products for SMBs, giving it a more effective and convenient way to meet the financial needs and obtain business insurance. With this collaboration, LendingTree has taken a sign ...

CHARLOTTE, N.C., Nov. 15, 2024 /PRNewswire/ -- LendingTree, Inc. (NASDAQ: TREE), operator of LendingTree.com, the nation's leading online financial services marketplace, today announced that it will participate in the Stephens Annual Investment Conference taking place at the Grand Hyatt Nashville on November 19-21, 2024.Jason Bengel, Chief Financial Officer at LendingTree, and Andrew Wessel, SVP of Investor Relations and Corporate Development, are scheduled to participate in a fireside chat on Wednesday, No ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-34063 lendingtree LendingTree, Inc. (Exact name of Registrant as specified in its charter) Delaware 26-2414818 (State or ...

Core Viewpoint - LendingTree, Inc. reported strong third-quarter 2024 results, with adjusted net income per share of 80 cents, exceeding the Zacks Consensus Estimate of 67 cents and up from 61 cents in the prior-year quarter [1][2] Financial Performance - Total revenues increased by 68% year over year to $260.8 million, driven primarily by significant growth in the Insurance segment's revenues, surpassing the Zacks Consensus Estimate by 6.9% [3] - Adjusted EBITDA rose 23% year over year to $26.9 million, while the variable marketing margin increased by 14% year over year to $77.2 million [3] - The total cost of revenues was $9.4 million, reflecting a 23.8% increase from the prior-year quarter [3] Balance Sheet - As of September 30, 2024, cash and cash equivalents stood at $96.8 million, a decrease from $66.8 billion as of June 30, 2024, while long-term debt decreased to $346.2 million from $467.7 million [4] Future Outlook - For the fourth quarter of 2024, total revenues are estimated to be between $231 million and $241 million, with adjusted EBITDA and variable marketing margin anticipated between $20-$23 million and $69-$74 million, respectively [5] - For the full year 2024, total revenues are projected to be between $870 million and $880 million, with adjusted EBITDA expected to be between $92 million and $95 million, and variable marketing margin projected at $287 million to $292 million [6] Strategic Insights - The company's inorganic growth strategies have strengthened its online lending platform, with third-quarter results benefiting from robust growth in the Insurance segment [7] - Efforts to diversify non-mortgage product offerings are expected to support future top-line growth [7]

Financial Data and Key Metrics Changes - The company generated $27 million of adjusted EBITDA in Q3 2024, representing a 23% increase from the previous year [5] - Insurance segment revenue increased by 210% year-over-year, with a record $41 million of VMD during the period [6] Business Line Data and Key Metrics Changes - The consumer business grew revenue by 6% and VMD by 4% sequentially, marking the third consecutive period of sequential improvement [8] - Home equity now accounts for two-thirds of the home segment revenue, generating a 5% revenue growth from the prior year [12] Market Data and Key Metrics Changes - The insurance industry is expected to see strong results over the next 18 months, with ongoing demand for new consumers [14] - The company noted that a small number of carriers are driving the bulk of spending on its network, indicating potential for growth as more carriers return to historical spending patterns [7] Company Strategy and Development Direction - The company is focusing on improving customer satisfaction and loan close rates through the expansion of its concierge sales group [9] - There is an emphasis on leveraging high-quality traffic and expanding marketing efforts to capture additional high-intent customers [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the outlook for next year, anticipating strong results as credit conditions may loosen [11] - The company is currently at trough levels and is starting to build back, focusing on controllable factors to improve the business [39] Other Important Information - The company is not planning significant increases in brand spending until revenue per lead improves substantially [39] - A $4 million litigation charge was mentioned, which is related to prospective settlements and should not be viewed as a significant concern [58] Q&A Session Summary Question: Outlook for the insurance industry over the next 18 months - Management expects strong results across the insurance industry, with ongoing demand for new consumers and potential for growth as more carriers expand their offerings [14][15] Question: Impact of SEO changes on LendingTree - Management aims to be independent of traffic sources and is working on improving SEO while also leveraging paid search strategies [20][21] Question: Variable marketing margins outlook for insurance - Management indicated that Q3 margins are viewed as a trough, with expectations for gradual improvement in the future [29] Question: Seasonal trends for Q4 - Management expects home equity strength to offset typical seasonal declines, while insurance and consumer segments may see normal seasonal declines [32][34] Question: Mortgage refinancing outlook - Management noted that refinancing will depend on consumer benefits as rates decline, with a healthy demand for home equity products [47][50] Question: Expansion of loan offerings - Management reported positive discussions with lenders about opening up credit boxes, which could lead to increased loan offerings in the future [60][62]

Tree.com (TREE) reported $260.8 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 68%. EPS of $0.80 for the same period compares to $0.61 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $243.96 million, representing a surprise of +6.90%. The company delivered an EPS surprise of +19.40%, with the consensus EPS estimate being $0.67.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

Company Performance - Tree.com reported quarterly earnings of $0.80 per share, exceeding the Zacks Consensus Estimate of $0.67 per share, and up from $0.61 per share a year ago, representing an earnings surprise of 19.40% [1] - The company posted revenues of $260.8 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 6.90%, compared to year-ago revenues of $155.2 million [2] - Over the last four quarters, Tree.com has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - Tree.com shares have increased approximately 91.4% since the beginning of the year, significantly outperforming the S&P 500's gain of 21.9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.48 on revenues of $229.16 million, and for the current fiscal year, it is $2.05 on revenues of $851.15 million [7] Industry Outlook - The Financial - Mortgage & Related Services industry, to which Tree.com belongs, is currently ranked in the top 6% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry performance can materially impact individual stock performance [5][8]