Seeking Clues to Redfin (RDFN) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics

Core Viewpoint - Redfin (RDFN) is expected to report a quarterly loss of $0.20 per share, a decline of 17.7% year-over-year, with revenues projected at $280.21 million, reflecting a 4.2% increase compared to the previous year [1] Group 1: Earnings Estimates - Analysts predict a quarterly loss of $0.20 per share for Redfin, indicating a 17.7% decline from the same period last year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, suggesting a reevaluation of initial estimates by analysts [1] Group 2: Revenue Estimates - The consensus estimate for 'Revenue- Real estate services' is $177.07 million, showing a -0.4% change from the prior-year quarter [4] - 'Revenue- Rentals' is expected to be $50.75 million, indicating a year-over-year increase of 7% [4] - 'Revenue- Partner revenue' is projected at $9.65 million, reflecting a -17.1% change year-over-year [4] - 'Revenue- Brokerage revenue' is estimated to reach $166.96 million, a +0.5% change from the year-ago quarter [5] Group 3: Transaction Estimates - Total 'Real estate services transactions' are expected to be 17.03 million, down from 17.43 million in the previous year [5] - 'Real estate services transactions - Partner' are projected at 3.67 million, compared to 4.35 million last year [6] - 'Real estate services transactions - Brokerage' should arrive at 13.3 million, slightly up from 13.08 million in the same quarter last year [8] Group 4: Key Metrics - The average number of lead agents is expected to be 1,717, down from 1,744 in the same quarter last year [6] - 'Real estate services revenue per transaction - Aggregate' is estimated at $10.46 million, compared to $10.20 million last year [7] - 'Monthly average visitors' are projected at 54.15 million, an increase from 51.31 million in the previous year [7] - 'Real estate services revenue per transaction - Partner' is expected to be $2.67 million, slightly down from $2.68 million last year [8] - 'Real estate services revenue per transaction - Brokerage' is forecasted to reach $12.61 million, compared to $12.70 million last year [9] Group 5: Market Performance - Redfin shares have shown a return of +7.3% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change [9] - With a Zacks Rank 2 (Buy), Redfin is expected to outperform the overall market in the near future [9]