Redfin (RDFN) reported $221.03 million in revenue for the quarter ended March 2025, representing a year-over-year decline of 2%. EPS of -$0.73 for the same period compares to -$0.57 a year ago.The reported revenue represents a surprise of +0.31% over the Zacks Consensus Estimate of $220.36 million. With the consensus EPS estimate being -$0.69, the EPS surprise was -5.80%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...

Core Viewpoint - Redfin reported a quarterly loss of $0.73 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.69, and a decline from a loss of $0.57 per share a year ago, indicating ongoing challenges in the real estate market [1] Financial Performance - The company posted revenues of $221.03 million for the quarter ended March 2025, slightly surpassing the Zacks Consensus Estimate by 0.31%, but down from $225.48 million in the same quarter last year [2] - Over the last four quarters, Redfin has exceeded consensus revenue estimates three times, but has only surpassed EPS estimates once [2] Stock Performance - Redfin shares have increased by approximately 17.2% since the beginning of the year, contrasting with a decline of -3.9% in the S&P 500 [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.17 on revenues of $295.11 million, and for the current fiscal year, it is -$1.05 on revenues of $1.05 billion [7] - The estimate revisions trend for Redfin is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Real Estate - Operations industry, to which Redfin belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Redfin's stock performance [5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number 001-38160 Redfin Corporation (Exact name of registrant as specified in its charter) Delaware 74-3064240 (State or other juri ...

Redfin Reports First Quarter 2025 Financial Results SEATTLE - May 6, 2025 - Redfin Corporation (NASDAQ: RDFN) today announced results for its first quarter ended March 31, 2025. First Quarter 2025 First quarter revenue was $221.0 million, a decrease of 2% compared to the first quarter of 2024. Gross profit was $70.6 million, flat year-over-year. Real estate services gross profit was $19.9 million, a decrease of 2% year-over-year, and real estate services gross margin was 16%, compared to 15% in the first qu ...

Could acquiring a major brokerage make the leading mortgage company into an all-in-one real estate player?Rocket Companies (RKT -0.60%) recently announced an agreement to acquire tech-focused real estate brokerage Redfin (RDFN -1.25%) in an all-stock deal. In this video, real estate expert and Redfin shareholder Matt Frankel, CFP® gives his take on the acquisition.*Stock prices used were the morning prices of March 6, 2025. The video was published on March 7, 2025. ...

JPMorgan's Dae K Lee is raising Redfin Corp‘s RDFN stock price target from $7 to $12.50, matching Rocket Companies' RKT acquisition price. The deal values Redfin's equity at about $1.75 billion, pegging it at two times its projected 2026 revenue.Yet, the market isn’t fully convinced, with Redfin stock trading approximately 12% below the offer price.Read Also: Warren Buffett’s Real Estate Brokerage, Compass Discuss DealRegulatory Hurdles? This Analyst Isn't Sweating It"We do not anticipate significant regula ...

Redfin is being acquired, but the real beneficiary may be Zillow.Redfin (RDFN 1.43%) is being acquired by Rocket Companies (RKT 1.14%) in a shocking buyout, but the deal itself may not work out for either company. In this video, Travis Hoium explains why it's Zillow (Z 0.81%) that's the big winner here.*Stock prices used were end-of-day prices of March 10, 2025. The video was published on March 11, 2025. ...

Core Viewpoint - Rowley Law PLLC is investigating potential securities law violations by Redfin and its board of directors regarding the proposed acquisition by Rocket Companies, which is valued at approximately $1.75 billion [1]. Group 1: Acquisition Details - Redfin stockholders will receive 0.7926 shares of Rocket Companies common stock for each share of Redfin stock they hold [1]. - The acquisition transaction is expected to close in the second or third quarter of 2025 [1]. Group 2: Legal Investigation - Rowley Law PLLC is representing shareholders in the investigation concerning the acquisition [1]. - Additional information regarding the investigation can be obtained by contacting Rowley Law PLLC [2].

SAN DIEGO, March 10, 2025 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP has launched an investigation into whether the board members of Redfin Corporation (NASDAQ: RDFN) breached their fiduciary duties in connection with the proposed sale of the Company to Rocket Companies (NYSE: RKT). On March 10, 2025, Redfin announced that it had entered into a definitive merger agreement with Rocket Companies. Under the terms of the deal, Redfin shareholders will receive a fixed exchange ratio of 0.7926 shares of Rocket Compa ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...