Redfin Corp expected to post a loss of 22 cents a share - Earnings Preview

Redfin

24/02/2024 03:04

* Redfin Corp  RDFN.OQ   RDFN.O  is expected to show a fall
in
quarterly revenue when it reports  results on February 27 for
the period ending December 31 2023
    * The Seattle Washington-based  company is expected to
report a
54.1% decrease in revenue to $220.321 million from $479.66
million a year ago, according to the mean estimate from 17
analysts, based on LSEG data.The company's guidance on November
2 2023, for the period ended December 31, was for revenue
between $211.00 million and $226.00 million. (SAL is on Total
Revenue basis)
    * ​LSEG's mean analyst estimate for Redfin Corp is for a
loss
of 22 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
$8.00​, above​ its last closing price of $6.89. ​​​

The company's guidance on November 2 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 211 million and -9
million (USD).
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.22       -0.21      -0.17     Beat    17.4
 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.        -0.83       -0.80      -0.83     Missed  -3.5
 30 2022                                                
 Jun. 30 2022  -0.62       -0.62      -0.73     Missed  -17​
 Mar. 31 2022  -1.10       -1.09      -0.86     Beat    21
 Dec. 31 2021  -0.31       -0.31      -0.27     Beat    14.2
 This summary was machine generated February 24 at 03:04 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)