Redfin Corp reports results for the quarter ended in December - Earnings Summary

Redfin

27/02/2024 23:34

* Redfin Corp  RDFN.OQ  reported a quarterly adjusted loss
of 20
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$-1.09.  The mean expectation of sixteen analysts for the
quarter was for a loss of 22 cents per share. Wall Street
expected results to range from -39 cents to -15 cents per share.
    * Revenue fell 54.5% to $218.08 million from a year ago;
analysts
expected $220.32 million. 
    * Redfin Corp's reported EPS for the quarter was a loss
of 20
cents​.
    * The company reported a quarterly loss of $23.11 million.
    * Redfin Corp shares had fallen by 33.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Redfin Corp
is
$8.00 

This summary was machine generated from LSEG data February 27 at
11:33 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.22          -0.20          Beat
 Sep. 30 2023      -0.21          -0.17          Beat
 Jun. 30 2023      -0.32          -0.25          Beat
 Mar. 31 2023      -1.01          -0.94          Beat