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TREE - All Cap Index And Sectors: Core Earnings Vs. GAAP Earnings Through 2021
LendingTree Inc.
GAAP earnings remain overstated despite all eleven sectors of the NC 2000, our All Cap Index, achieving a year-over-year (YoY) rise in Core Earnings in 2021.
At the end of 2020, Core Earnings were 34% higher than GAAP earnings. As of the end of 2021, Core Earnings are 4% less than GAAP earnings.
Below, we highlight the Financials sector and a stock with some of the most Earnings Distortion (i.e., overstated GAAP earnings) in the sector.