Redfin (RDFN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Redfin reported revenue of $244.28 million for the quarter ended December 2024, reflecting a 12% increase year-over-year, and an EPS of -$0.29, compared to -$0.20 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $241.47 million by 1.17%, while the EPS fell short of the consensus estimate of -$0.24 by 20.83% [1] Financial Performance Metrics - Total real estate services transactions reached 14.36 million, surpassing the average estimate of 13.76 million [4] - The average number of lead agents was 1,927, exceeding the estimated 1,742 [4] - Real estate services revenue was $148.98 million, slightly above the average estimate of $147.32 million, marking a year-over-year increase of 12.1% [4] - Revenue from rentals was $51.63 million, compared to the estimated $51.15 million, representing a 5% increase year-over-year [4] - Mortgage revenue was reported at $30.21 million, exceeding the average estimate of $29.82 million, with a year-over-year growth of 15% [4] Stock Performance - Redfin's shares have returned +1.7% over the past month, contrasting with a -2.2% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]