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

Company Insights - Redfin is expected to report a quarterly loss of $0.25 per share, unchanged from the same quarter last year, with revenues projected at $291.59 million, reflecting a 5.8% increase year-over-year [1] - The consensus EPS estimate for Redfin has remained stable over the last 30 days, indicating that stock price movements may not continue without earnings estimate revisions [3] - Redfin shares increased by 5.3% in the last trading session, closing at $6.57, with trading volume significantly higher than usual, despite a 21% loss over the past four weeks [5] Industry Insights - Cushman & Wakefield's consensus EPS estimate has decreased by 6.1% over the past month to $0.18, representing an 18.2% decline from the previous year [4] - Cushman & Wakefield currently holds a Zacks Rank of 3 (Hold), similar to Redfin [4] - The Zacks Real Estate - Operations industry includes both Redfin and Cushman & Wakefield, with the latter's stock rising by 3.6% to $10.63, despite a 5.7% decline over the past month [7]