Redfin Corp expected to post a loss of 32 cents a share - Earnings Preview

Redfin

02/08/2023 03:06

* Redfin Corp  RDFN.OQ   RDFN.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 3. 
    * The Seattle Washington-based  company is expected to
report  a
54.6% decrease in revenue to $275.697 million from $606.92
million a year ago, according to the mean estimate from 16
analysts, based on Refinitiv data. The company's guidance on May
4 2023, for the period ended June 30, was for revenue between
$268.00 million and $281.00 million.
    * ​Refinitiv's mean analyst estimate for Redfin Corp is for
a loss
of 32 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 12
"hold" and 5 "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
$10​, below​ its last closing price of $15.09. ​​​

The company's guidance on May 4 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 268 million and 1 million (USD).
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -1.00       -1.01      -0.94     Beat    6.5
 Dec. 31 2023  -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
 ​​Mar.        -1.10       -1.09      -0.86     Beat    21
 31 2022                                                
 Dec. 31 2021  -0.31       -0.31      -0.27     Beat    14.2​
 Sep. 30 2021  -0.17       -0.19      -0.20     Missed  -6.8
 Jun. 30 2021  -0.33       -0.31      -0.29     Beat    5.1
 This summary was machine generated August 2 at 02:05 GMT.  All
figures in US dollars  unless otherwise stated