Redfin Corp expected to post a loss of 57 cents a share - Earnings Preview

Redfin

03/05/2024 23:14

* Redfin Corp  RDFN.OQ   RDFN.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 7 for the
period ending March 31 2024
    * The Seattle Washington-based  company is expected to
report a
33.1% decrease in revenue to $217.836 million from $325.66
million a year ago, according to the mean estimate from 16
analysts, based on LSEG data.The company's guidance on February
27 2024, for the period ended March 31, was for revenue between
$214.00 million and $223.00 million.
    * ​LSEG's mean analyst estimate for Redfin Corp is for a
loss
of 57 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 14
"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
$7.00​, above​ its last closing price of $5.90. ​​​

The company's guidance on February 27 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between 214 million and -29 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  
 Dec. 31 2023  -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. 31 2023  -1.00       -1.01      -0.94     Beat    6.5
 ​​Dec.        -1.08       -1.08      -1.09     Missed  -1
 31 2022                                                
 Sep. 30 2022  -0.83       -0.80      -0.83     Missed  -3.5​
 Jun. 30 2022  -0.62       -0.62      -0.73     Missed  -17
 Mar. 31 2022  -1.10       -1.09      -0.86     Beat    21
 This summary was machine generated May 3 at 22:14 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)