Redfin Corp expected to post a loss of 20 cents a share - Earnings Preview

Redfin

06/11/2024 04:34

* Redfin Corp  RDFN.OQ   RDFN.O  is expected to show a rise
in
quarterly revenue when it reports  results on November 7 for the
period ending September 30 2024
    * The Seattle Washington-based  company is expected to
report a
4.4% increase in revenue to $280.745 million from $268.96
million a year ago, according to the mean estimate from 17
analysts, based on LSEG data.The company's guidance on August 6
2024, for the period ended September 30, was for revenue between
$273.00 million and $285.00 million. (SAL is on Total Revenue
basis)
    * ​LSEG's mean analyst estimate for Redfin Corp is for a
loss
of 20 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 12
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Redfin Corp
is
$8.00​, below​ its last closing price of $11.01. ​​​

The company's guidance on August 6 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD273 million and
USD12 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   -0.27       -0.26      -0.23     Beat    12.6
 Mar. 31 0001  -0.57       -0.57      -0.57     Met     -0.4
 Jan. 1 0001   -0.20       -0.22      -0.20     Beat    7.2​
 Sep. 30 2023  -0.22       -0.21      -0.17     Beat    17.4
 ​​Jan.        -0.30       -0.32      -0.25     Beat    20.7
 1 0001                                                 
 Mar. 31 2023  -1.00       -1.01      -0.94     Beat    6.5​
 Dec. 31 2022  -1.08       -1.08      -1.09     Missed  -1
 Sep. 30 2022  -0.83       -0.80      -0.83     Missed  -3.5
 This summary was machine generated November 6 at 04:34 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)