Redfin (RDFN) reported $295.2 million in revenue for the quarter ended June 2024, representing a year-overyear increase of 7.1%. EPS of -$0.23 for the same period compares to -$0.25 a year ago. The reported revenue represents a surprise of +1.24% over the Zacks Consensus Estimate of $291.59 million. With the consensus EPS estimate being -$0.27, the EPS surprise was +14.81%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Redfin (RDFN) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.27. This compares to loss of $0.25 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 14.81%. A quarter ago, it was expected that this real estate broker would post a loss of $0.58 per share when it actually produced a loss of $0.57, delivering a surprise of 1.72%. Over the last four quarters, the company has surpa ...

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 June 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 Second Quarter 2024 Financial Results SEATTLE - August 6, 2024 - Redfin Corporation (NASDAQ: RDFN) today announced results for its second quarter ended June 30, 2024. Second Quarter 2024 Second quarter revenue was $295.2 million, an increase of 7% compared to the second quarter of 2023. Gross profit was $109.6 million, an increase of 9% year-over-year. Real estate services gross profit was $53.7 million, a decrease of 4% year-over-year, and real estate services gross margin was 29%, co ...

GET FOX BUSINESS ON THE GO BY CLICKING HERE "We do expect there to be some relief, but it might not be enough." "Until America builds more housing over the next 5 or 10 years, we might be in a low sales volume market. Maybe the election will make a difference, just because people can get back to the basic activities of commerce. But I think that housing is just going to be at low volume for a little while now," Kelman said. Redfin CEO Glenn Kelman revealed what he believes to be the "real issue" that is par ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." There are several stocks that currently pass through the screen and Redfin (RDFN) is one of them. Here are the key reasons why this stock is a great candidate. Investor ...

It crimped consumers' borrowing power, and it also forced existing homeowners to rethink their plans to sell, because they would have to give up their low fixed-rate mortgage to take on a much higher rate when buying a new property. Those factors slowed the housing market to a crawl. The most recent U.S. existing home sales data (May 2024) reported 4.1 million annualized units, which is down 37% from the 2021 peak of 6.6 million. Up until the end of 2022, Redfin generated half of its revenue from its iBuyin ...

Redfin (RDFN) shares soared 7.7% in the last trading session to close at $7.57. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9% gain over the past four weeks. This real estate broker is expected to post quarterly loss of $0.25 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $291.59 million, up 5.8% from the year-ago quarter. For Redfin, the consensus EPS estim ...

Redfin (RDFN) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. As such, the Zacks rating upgrade for Redfin is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. For Redfin, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in t ...

Some of the heat is coming out of home prices, even though they're still higher than they were a year ago. For the first time since the start of the Covid-19 pandemic, when home sales ground to a halt, the typical home sold for slightly less than its asking price — 0.3% lower — during the four weeks ended June 23, according to real estate brokerage Redfin. A year ago at that time the typical home was selling at list price. Two years ago it was selling at about 2% above list price. Mortgage rates remain stub ...