Redfin (RDFN) Scheduled to Post Earnings on Thursday

Redfin (NASDAQ:RDFN - Get Free Report) will be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. Redfin has set its Q3 2024 guidance at EPS.Persons that are interested in participating in the company's earnings conference call can do so using this link.

Redfin (NASDAQ:RDFN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.23) earnings per share for the quarter, beating analysts' consensus estimates of ($0.26) by $0.03. The company had revenue of $295.20 million for the quarter, compared to the consensus estimate of $291.59 million. The company's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.25) EPS. On average, analysts expect Redfin to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Redfin Price Performance

Shares of NASDAQ:RDFN traded up $0.15 during trading on Thursday, reaching $10.47. 4,312,947 shares of the company were exchanged, compared to its average volume of 5,487,110. The business's fifty day simple moving average is $11.14 and its 200-day simple moving average is $8.26. Redfin has a 12-month low of $4.26 and a 12-month high of $15.29. The firm has a market capitalization of $1.27 billion, a PE ratio of -8.67 and a beta of 2.68.

Insider Activity

In related news, insider Christian John Taubman sold 3,632 shares of the firm's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $9.25, for a total value of $33,596.00. Following the transaction, the insider now directly owns 71,720 shares of the company's stock, valued at approximately $663,410. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RDFN. Susquehanna decreased their target price on Redfin from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, August 8th. Jefferies Financial Group upped their price objective on shares of Redfin from $7.50 to $11.50 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. reduced their price target on shares of Redfin from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Thursday, August 8th. Wedbush reissued a "neutral" rating and set a $8.00 price objective on shares of Redfin in a report on Wednesday, August 7th. Finally, B. Riley upped their target price on Redfin from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, September 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Redfin has an average rating of "Hold" and an average price target of $8.20.

Redfin Company Profile

Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; and originates and sells mortgages.