Redfin Corporation (RDFN) to Release Quarterly Earnings on Thursday
Redfin Corporation (NASDAQ:RDFN) is scheduled to be announcing its earnings results after the market closes on Thursday, November 9th. Analysts expect the company to announce earnings of $0.12 per share for the quarter.
Redfin Corporation (NASDAQ:RDFN) last released its earnings results on Thursday, September 7th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The firm had revenue of $104.90 million during the quarter, compared to analyst estimates of $104.78 million. Redfin Corporation’s quarterly revenue was up 35.0% on a year-over-year basis. On average, analysts expect Redfin Corporation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Redfin Corporation (RDFN) opened at $22.95 on Wednesday. Redfin Corporation has a 12-month low of $19.29 and a 12-month high of $33.49.
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RDFN has been the topic of a number of recent research reports. Oppenheimer Holdings, Inc. initiated coverage on Redfin Corporation in a research report on Tuesday, August 22nd. They issued an “outperform” rating and a $31.00 target price on the stock. William Blair assumed coverage on shares of Redfin Corporation in a report on Thursday, October 19th. They set an “outperform” rating for the company. CIBC assumed coverage on shares of Redfin Corporation in a research report on Tuesday, August 22nd. They set an “outperform” rating and a $31.00 price target on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and set a $26.00 price target on shares of Redfin Corporation in a research report on Wednesday, November 1st. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $28.00 price objective on shares of Redfin Corporation in a research report on Monday, October 30th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Redfin Corporation presently has an average rating of “Hold” and an average target price of $26.86.
Redfin Corporation Company Profile
Redfin Corporation is engaged in providing residential real estate brokerage services. The customer can search for homes by neighborhood, city or MLS number, or can refine results using detailed parameters, such as price and number of beds or baths. The Company serves home buyers and sellers. The Company offers online tools to consumers, including Redfin Estimate, which is an automated home-valuation tool.
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