LendingTree (TREE) Provides Encouraging Guidance For 2019
Zacks Investment Research | Dec 04, 2018 09:43PM ET
At the 2018 Analyst and Investor Day, LendingTree, Inc. (NASDAQ:TREE) unveiled its full-year 2019 guidance. Notably, the company also updated its 2018 guidance in November with the third-quarter earnings release.
For 2019, the company expects revenues to be in the range of $990-$1,030 million, up 29%- 34% from full-year 2018 revenue guidance of $765-$775 million. Further, variable marketing margin is likely to be in the range of $365-$385 million. Additionally, the company expects adjusted EBITDA to be in the range of $195-$205 million, up 27%-34% from full-year 2018 adjusted EBITDA figure of $152-$155 million.
"2018 has been another record setting year at LendingTree, and we are thrilled with what we've accomplished this year despite a difficult environment for the mortgage industry" said Doug Lebda, chairman and CEO. "Our diversification over the last several years has enabled us to navigate a challenging period and will continue to be advantageous for us in the years to come. Today, we introduce our outlook for 2019 and I look forward to sharing that and more with analysts and investors throughout the course of the day."
LendingTree’s expansion strategies are expected to boost its top line further. Also, its focus on expanding non-mortgage related product offerings benefited its top line greatly. Further, reduced dependence on mortgage revenues remains a tailwind. However, the company has been witnessing escalating costs for enhancement of products. Its mortgage-related product revenues are likely to be affected by falling supplies of homes for sale and rising mortgage rates.
Currently, LendingTree sports a Zack Rank #1 (Strong Buy). You can see Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.