Unlocking Q4 Potential of Redfin (RDFN): Exploring Wall Street Estimates for Key Metrics

Core Viewpoint - Analysts forecast a quarterly loss of $0.24 per share for Redfin, indicating a year-over-year decline of 20$241.47 million, reflecting a 10.7% increase compared to the previous year [1]. Revenue Estimates - The consensus estimate for 'Revenue - Real estate services' is $147.32 million, showing a year-over-year change of +10.9$51.15 million, with a year-over-year change of +4% [5]. - 'Revenue - Other' is estimated at $14.17 million, indicating a significant year-over-year change of +45.4$29.82 million, reflecting a year-over-year increase of +13.5% [5]. Transaction and Agent Metrics - 'Real estate services transactions - Total' are expected to reach 13.76 million, up from 13.34 million in the same quarter last year [6]. - The 'Average number of lead agents' is projected to be 1,742, compared to 1,692 in the same quarter last year [6]. - 'Real estate services transactions - Partner' are forecasted to be 2.92 million, down from 3.19 million year-over-year [7]. Revenue per Transaction - 'Real estate services revenue per transaction - Aggregate' is expected to be $10.66 million, compared to$9.96 million in the same quarter last year [7]. - 'Real estate services revenue per transaction - Partner' is projected at $3.03 million, up from$2.68 million year-over-year [8]. - 'Real estate services revenue per transaction - Brokerage' is estimated to be $12.8 million, compared to$12.25 million in the same quarter last year [9]. Visitor Metrics - Analysts predict 'Monthly average visitors' will reach 43.87 million, slightly up from 43.86 million year-over-year [8]. Market Performance - Redfin shares have experienced a change of -1.2% in the past month, compared to a -0.5% move of the Zacks S&P 500 composite [9]. - With a Zacks Rank 2 (Buy), Redfin is expected to outperform the overall market in the near future [10].