Redfin Corp expected to post a loss of 26 cents a share - Earnings Preview

Redfin

02/08/2024 22:53

* Redfin Corp  RDFN.OQ   RDFN.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 6 for the
period ending June 30 2024
    * The Seattle Washington-based  company is expected to
report a
5.8% increase in revenue to $291.587 million from $275.56
million a year ago, according to the mean estimate from 17
analysts, based on LSEG data.The company's guidance on May 7
2024, for the period ended June 30, was for revenue between
$285.00 million and $298.00 million. (SAL is on Total Revenue
basis)
    * ​LSEG's mean analyst estimate for Redfin Corp is for a
loss
of 26 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 13
"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
$7.38​, below​ its last closing price of $7.43. ​​​

The company's guidance on May 7 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 285 million and 2 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  
 Mar. 31 2024  -0.57       -0.57      -0.57     Met     -0.4
 Jan. 1 2024   -0.20       -0.22      -0.20     Beat    7.2
 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.        -1.00       -1.01      -0.94     Beat    6.5
 31 2023                                                
 Jan. 1 0001   -1.08       -1.08      -1.09     Missed  -1​
 Sep. 30 2022  -0.83       -0.80      -0.83     Missed  -3.5
 Jun. 30 2022  -0.62       -0.62      -0.73     Missed  -17
 This summary was machine generated August 2 at 21:53 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)