LendingTree Expects Q1 Revenue Of $158M-$168M, Est $165.235M; Sees 2024 Revenue Of $650M-$690M, Representing Decline Of 3% To Increase Of 3% Y/Y (Est $715.61M)
Portfolio Pulse from Benzinga Newsdesk
LendingTree provided its Q1 revenue forecast in the range of $158M-$168M, slightly below the estimated $165.235M. Additionally, the company projects its 2024 revenue to be between $650M-$690M, indicating a potential year-over-year change ranging from a 3% decline to a 3% increase, which falls short of the estimated $715.61M.
February 27, 2024 | 12:08 pm
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NEGATIVE IMPACT
LendingTree's Q1 revenue forecast and 2024 revenue projection both fall short of market estimates, indicating potential challenges ahead.
LendingTree's revenue forecasts for both Q1 and the full year 2024 are below market expectations. This discrepancy, especially the 2024 revenue projection being significantly lower than the estimated $715.61M, could lead to negative investor sentiment and potentially impact the stock price negatively in the short term. The direct mention of these forecasts and their comparison to market estimates highlight their significance for investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100