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

Redfin

02/11/2023 21:05

* Redfin Corp  RDFN.OQ  reported a quarterly adjusted loss
of 17
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of -83 cents.  The mean expectation of sixteen analysts for the
quarter was for a loss of 21 cents per share. Wall Street
expected results to range from -27 cents to 13 cents per share.
    * Revenue fell 55.2% to $268.96 million from a year ago;
analysts
expected $270.36 million. 
    * Redfin Corp's reported EPS for the quarter was a loss
of 17
cents​.
    * The company reported a quarterly loss of $18.97 million.
    * Redfin Corp shares had fallen by 32.5% this quarter and
gained 12.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 115.9% in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 November 2 at
09:04 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.21          -0.17          Beat
 Jun. 30 2023      -0.32          -0.25          Beat
 Mar. 31 2023      -1.01          -0.94          Beat
 Dec. 31 2022      -1.08          -1.09          Missed