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

Redfin

07/05/2024 22:23

* Redfin Corp  RDFN.OQ  reported a quarterly adjusted loss
of 57
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -94
cents.  The mean expectation of sixteen analysts for the quarter
was for a loss of 57 cents per share. Wall Street expected
results to range from -61 cents to -41 cents per share.
    * Revenue fell 30.8% to $225.48 million from a year ago;
analysts
expected $217.84 million. 
    * Redfin Corp's reported EPS for the quarter was a loss
of 57
cents​.
    * The company reported a quarterly loss of $67.01 million.
    * Redfin Corp shares had fallen by 2.9% this quarter and
lost 37.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.9%
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," 14
"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
$7.00 
This summary was machine generated from LSEG data May 7 at 09:22
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
 Mar. 31 2024      -0.57          -0.57          Met
 Dec. 31 2023      -0.22          -0.20          Beat
 Sep. 30 2023      -0.21          -0.17          Beat
 Jun. 30 2023      -0.32          -0.25          Beat