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 ...

Since hitting a more than 52-week high of $15.29 on Sept. 18, real estate services stock Redfin Corp (NASDAQ:RDFN) has taken a step back on the charts. Shares are down 0.7% at $10.11 at last glance to extend an 18.2% quarterly deficit and breaching their year-to-date breakeven level. However, RDFN is still up 100% over the last 12 months, and this most recent dip has it trading near a historically bullish trendline.Per a study from Schaeffer's Senior Quantitative Analyst Rocky White, Redfin stock is within ...

Shares of the online real estate brokerage are on the move. Is it a buy? Redfin (RDFN -2.57%) has been on a roll recently. The online real estate brokerage has surged on hopes that falling mortgage rates will trigger a rebound in the housing market. The stock has doubled over the last three months as enthusiasm about a housing recovery has mounted, but is Redfin a buy now? To answer that question, we asked two of our contributors to weigh in with the bull and bear cases. First, let's hear the bull case. Mor ...

Although this real estate disruptor has more than doubled since midyear, it could have much more upside ahead. Redfin (RDFN -6.47%) has been one of the stock market's top performers recently, more than doubling over the past three months, both in anticipation of and in reaction to the Federal Reserve's rate cut. In this short video, I discuss why the recent movement in the stock could be just the starting point of an excellent period in Redfin's history. *Stock prices used were the morning prices of Sept. 2 ...

The real estate industry has been crushed under the weight of high interest rates, but its fortunes are about to change for the better. According to the Federal Home Loan Mortgage Corp. (Freddie Mac), the U.S. 30-year fixed mortgage rate hit 7.79% in October 2023, which was the highest level since 2000. It crushed the borrowing power of consumers, and it also made existing homeowners hesitant to sell for fear of abandoning their existing lower rate. As a result, high interest rates decimated the housing mar ...

Redfin (RDFN) shares soared 25.7% in the last trading session to close at $14.45. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 51.3% gain over the past four weeks. The increased investor optimism in the stock can be attributed to the recent decline in mortgage rates, which is likely to provide an impetus to the United States' second-home demand. This real estate broker is expected to post quarterly loss of $0.18 per share in i ...

With interest rates expected to fall over the next 12 months, is now the perfect time to buy Redfin? Real estate stocks have faced an uphill battle ever since the Federal Reserve began raising interest rates in 2022. Increased interest rates have affected borrowing costs and the overall demand for real estate, leading to a challenging environment for real estate investors and homebuyers. Redfin (RDFN 5.36%) is one company that has faced significant challenges due to the sharp decline in housing activity. Th ...