Redfin (RDFN) Moves 5.3% Higher: Will This Strength Last?

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. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> The increased investor optimism in the stock can be attributed to the favorable operating environment. For Redfin, the consensus EPS estima ...