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The real estate technology company hasn't exactly posted stellar numbers lately.Redfin (RDFN -4.42%) recently reported its third-quarter earnings, and to be fair, the relatively weak numbers were largely due to the terrible real estate market right now and not any wrongdoing by the company. However, one number in particular could be a cause for concern, and longtime Fool.com contributors Matt Frankel and Tyler Crowe discuss it in this video.*Stock prices used were the morning prices of Nov. 14, 2024. The vi ...

RDFN is down over 22% since the start of the monthReal estate stock Redfin Corp (NASDAQ:RDFN) is down 4.7% at $7.98 at last check, after a downgrade from Goldman Sachs to "sell" from "neutral." The analyst in coverage noted potential headwinds from home affordability, agent commission pressures, and industry competition. The majority of the covering brokerages carry a "neutral" rating, leaving more room for similar bear notes. Of the 17 in coverage, only two carry a "buy" or better rating, while 11 now carr ...

Key TakeawaysRedfin missed profit and sales estimates as its market share in the U.S. slipped.The online real estate site also reduced its guidance for full-year adjusted EBITDA.CEO Glenn Kelman said August and September sales were below the company's expectations. Redfin (RDFN) shares sank Friday after the online real estate business posted worse-than-expected results and lowered its guidance as it lost market share in the U.S. Redfin reported a third quarter loss of $33.8 million, or $0.28 per share, up f ...

Redfin Corporation (NASDAQ:RDFN) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Meg Nunnally - Head, IR Glenn Kelman - CEO Chris Nielsen - CFO Conference Call Participants Ygal Arounian - Citi Curtis Nagle - Bank of America John Campbell - Stephens Jay McCanless - Wedbush Operator Good day, ladies and gentlemen and welcome to the Redfin Corporation Quarter Three 2024 Earnings Conference Call. All lines have been placed on a listen-only mode and the floor will be open for q ...

For the quarter ended September 2024, Redfin (RDFN) reported revenue of $278.02 million, up 3.4% over the same period last year. EPS came in at -$0.28, compared to -$0.17 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $280.21 million, representing a surprise of -0.78%. The company delivered an EPS surprise of -40.00%, with the consensus EPS estimate being -$0.20.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...

Redfin (RDFN) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -40%. A quarter ago, it was expected that this real estate broker would post a loss of $0.27 per share when it actually produced a loss of $0.23, delivering a surprise of 14.81%.Over the last four quarters, the company has surpasse ...

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 September 30, 2024 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 | --- | --- | |----------------------------------------------------------------------|----- ...

REDFIN Redfin Reports Third Quarter 2024 Financial Results SEATTLE - November 7, 2024 - Redfin Corporation (NASDAQ: RDFN) today announced results for its third quarter ended September 30, 2024. Third Quarter 2024 Third quarter revenue was $278.0 million, an increase of 3% compared to the third quarter of 2023. Gross profit was $101.9 million, an increase of 4% year-over-year. Real estate services gross profit was $48.7 million, a decrease of 10% year-over-year, and real estate services gross margin was 28%, ...

In its upcoming report, Redfin (RDFN) is predicted by Wall Street analysts to post quarterly loss of $0.20 per share, reflecting a decline of 17.7% compared to the same period last year. Revenues are forecasted to be $280.21 million, representing a year-over-year increase of 4.2%.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a compa ...