LendingTree-Tree.com (TREE) Q3 Earnings and Revenues Top Estimates

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]