(VIANEWS) – Shares of LendingTree (NASDAQ: TREE) fell by a staggering 24.99% in 10 sessions from $43.98 at 2023-02-14, to $32.99 at 14:44 EST on Wednesday, following the last session’s upward trend. NASDAQ is dropping 0.71% to $11,373.93, after three consecutive sessions in a row of losses.
LendingTree’s last close was $32.93, 74.53% under its 52-week high of $129.30.
About LendingTree
LendingTree, Inc., through its subsidiary, LT Intermediate Company, LLC, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services. The Consumer segment provides credit cards; personal, small business, student, and auto loans; deposit accounts; and other credit products, such as credit repair and debt settlement services. The Insurance segment includes information, tools, and access to insurance quote products, including home and automobile, through which consumers are matched with insurance lead aggregators to obtain insurance offers. LendingTree, Inc. also operates Student Loan Hero, a personal finance website dedicated to helping student loan borrowers manage their student debt; QuoteWizard.com, a marketplace for insurance comparison; ValuePenguin, a personal finance website that offers consumers objective analysis on various financial topics from insurance to credit cards; and Stash, a consumer investing and banking platform that offers a suite of personal investment accounts, traditional and Roth IRAs, custodial investment accounts, and banking services, including checking accounts and debit cards with a Stock-Back rewards program. The company was formerly known as Tree.com, Inc. and changed its name to LendingTree, Inc. in January 2015. LendingTree, Inc. was incorporated in 1996 and is headquartered in Charlotte, North Carolina.
Earnings Per Share
As for profitability, LendingTree has a trailing twelve months EPS of $-3.35.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -40.5%.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is a negative 142.9% and a negative 65.2%, respectively.
Revenue Growth
Year-on-year quarterly revenue growth declined by 20%, now sitting on 1.04B for the twelve trailing months.
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