Redfin Corp expected to post a loss of 21 cents a share - Earnings Preview

Redfin

01/11/2023 01:04

* Redfin Corp  RDFN.OQ   RDFN.O  is expected to show a fall
in
quarterly revenue when it reports  results 
    * The Seattle Washington-based  company is expected to
report  a
55.0% decrease in revenue to $270.364 million from $600.52
million a year ago, according to the mean estimate from 16
analysts, based on LSEG data. The company's guidance on August 3
2023, for the period ended September 30, was for revenue between
$265.00 million and $279.00 million.
    * ​Refinitiv's mean analyst estimate for Redfin Corp is for
a loss
of 21 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 15
"hold" and 2 "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​, above​ its last closing price of $4.66. ​​​

The company's guidance on August 3 2023 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD265 million and
USD14 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  -0.30       -0.32      -0.25     Beat    20.7
 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
 ​​Jun.        -0.62       -0.62      -0.73     Missed  -17
 30 2022                                                
 Mar. 31 2022  -1.10       -1.09      -0.86     Beat    21​
 Dec. 31 2021  -0.31       -0.31      -0.27     Beat    14.2
 Sep. 30 2021  -0.17       -0.19      -0.20     Missed  -6.8
 This summary was machine generated November 1 at 01:03 GMT.  All
figures in US dollars  unless otherwise stated