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

Redfin

03/08/2023 22:03

* Redfin Corp  RDFN.OQ  reported a quarterly adjusted loss
of 25
cents​​ per share for the quarter ended in June. The mean
expectation of sixteen analysts for the quarter was for a loss
of 32 cents per share.
    * Revenue fell 54.6% to $275.56 million from a year ago;
analysts
expected $275.70 million. 
    * Redfin Corp's reported EPS for the quarter was a loss
of 25
cents​.
    * The mean earnings estimate of analysts had risen by
about 16.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Redfin Corp shares had risen by 15.4% this quarter and
gained 238.0% so far this year.
    * The company reported a quarterly loss of $27.66 million.
    * Wall Street's median 12-month price target for Redfin Corp
is
$10.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.32          -0.25          Beat
 Mar. 31 2023      -1.01          -0.94          Beat
 Dec. 31 2022      -1.08          -1.09          Missed
 Sep. 30 2022      -0.80          -0.83          Missed