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

Redfin

06/08/2024 23:51

* Redfin Corp  RDFN.OQ  reported a quarterly adjusted loss
of 23
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of -25
cents.  The mean expectation of sixteen analysts for the quarter
was for a loss of 26 cents per share. Wall Street expected
results to range from -30 cents to -20 cents per share.
    * Revenue rose 7.1% to $295.20 million from a year ago;
analysts
expected $291.59 million. 
    * Redfin Corp's reported EPS for the quarter was a loss
of 23
cents​.
    * The company reported a quarterly loss of $28.07 million.
    * Redfin Corp shares had risen by 21.3% this quarter and
lost 29.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the real estate
services peer group is also "hold"

Wall Street's median 12-month price target for Redfin Corp is
$7.38 
This summary was machine generated from LSEG data August 6 at
10:51 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
 Jun. 30 2024      -0.26          -0.23          Beat
 Mar. 31 2024      -0.57          -0.57          Met
 Dec. 31 2023      -0.22          -0.20          Beat
 Sep. 30 2023      -0.21          -0.17          Beat