LendingTree (TREE) is an online lending exchange that connects consumers with multiple lenders, banks, and credit partners who compete for business. LendingTree is not a direct supplier of loans; it is instead a broker. Since being founded in 1998 LendingTree has facilitated more than 32 million loan requests. It is headquartered in Charlotte, North Carolina. LendingTree also provides financing tools, comparative loan searches and borrowing information.
Reported before open today (5/4/16) Earnings: EPS $0.76 Revenue $94.7M Estimates: EPS $0.74 Revenue $86.6M Up 0.97% pre-market
They may breathe some life back into a name like TREE after yesterday's Fed statement. $90 needs to hold to build on the lows set in February 2016. Needs time
taking a -15% hit right off the open here... Tree.com misses Street 3Q forecasts CHARLOTTE, N.C. (AP) _ Tree.com Inc. (TREE) on Thursday reported third-quarter earnings of $6.6 million. On a per-share basis, the Charlotte, North Carolina-based company said it had profit of 52 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 80 cents per share. The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share. The mortgage lending service provider posted revenue of $94.6 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $96.4 million. Tree.com expects full-year revenue in the range of $370 million to $375 million. Tree.com shares have risen 2 percent since the beginning of the year. The stock has fallen 25 percent in the last 12 months.
Analyst Upgrade/Downgrade Update Brokerage firm: Mizuho Change: Coverage Reitarated/Price Target Changed Previous Rating: N/A Current Rating: Buy Previous Price Target: $102 Current Price Target: $122
new highs here! Tree.com beats Street 3Q forecasts CHARLOTTE, N.C. (AP) _ Tree.com Inc. (TREE) on Thursday reported third-quarter earnings of $9.1 million. On a per-share basis, the Charlotte, North Carolina-based company said it had net income of 66 cents. Earnings, adjusted for one-time gains and costs, came to $1.17 per share. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share. The mortgage lending service provider posted revenue of $171.5 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $158.2 million. For the current quarter ending in December, Tree.com said it expects revenue in the range of $146 million to $151 million. The company expects full-year revenue in the range of $603 million to $608 million. Tree.com shares have more than doubled since the beginning of the year. The stock has more than doubled in the last 12 months.
Well, been a long time since anyone talked about TREE I think Lending Tree has great potential at its current entry price, 139.83$ I bought and sold at 205/208 respectively a few months back... but at 140$, this seems like a great BUY
