Wall Street analysts expect Redfin Corp (NASDAQ:RDFN) to report ($0.12) earnings per share (EPS) for the current quarter, according to Zacks. Eight analysts have issued estimates for Redfin’s earnings. The highest EPS estimate is ($0.10) and the lowest is ($0.13). Redfin reported earnings of ($0.14) per share in the same quarter last year, which indicates a positive year over year growth rate of 14.3%. The business is scheduled to report its next quarterly earnings report on Thursday, February 13th.

On average, analysts expect that Redfin will report full-year earnings of ($0.89) per share for the current financial year, with EPS estimates ranging from ($0.94) to ($0.72). For the next financial year, analysts expect that the business will post earnings of ($0.76) per share, with EPS estimates ranging from ($0.94) to ($0.39). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Redfin.

Redfin (NASDAQ:RDFN) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. The business had revenue of $238.68 million during the quarter, compared to analyst estimates of $229.94 million. Redfin had a negative net margin of 12.71% and a negative return on equity of 25.71%. The company’s revenue was up 70.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share.

Several research analysts recently weighed in on the stock. Stephens set a $24.00 target price on shares of Redfin and gave the stock a “buy” rating in a report on Monday, September 9th. SunTrust Banks reissued a “buy” rating and set a $24.00 price target on shares of Redfin in a report on Monday, November 4th. ValuEngine downgraded Redfin from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Piper Jaffray Companies upped their price objective on Redfin from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Zelman & Associates upgraded Redfin from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $23.32.

In other news, CFO Christopher John Nielsen sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $16.57, for a total transaction of $49,710.00. Following the sale, the chief financial officer now directly owns 9,924 shares of the company’s stock, valued at approximately $164,440.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam Wiener sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $17.18, for a total value of $85,900.00. Following the sale, the insider now directly owns 236,672 shares in the company, valued at $4,066,024.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,000 shares of company stock worth $983,670. Corporate insiders own 8.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Redfin by 7.2% during the second quarter. Vanguard Group Inc. now owns 10,440,413 shares of the company’s stock valued at $187,718,000 after purchasing an additional 704,587 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of Redfin by 21.7% in the 2nd quarter. Baillie Gifford & Co. now owns 5,779,516 shares of the company’s stock worth $103,915,000 after buying an additional 1,032,134 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Redfin by 9.9% in the 2nd quarter. BlackRock Inc. now owns 5,618,562 shares of the company’s stock worth $101,023,000 after buying an additional 504,808 shares during the last quarter. State Street Corp raised its position in shares of Redfin by 3.2% during the 3rd quarter. State Street Corp now owns 1,731,594 shares of the company’s stock valued at $29,160,000 after buying an additional 53,044 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Redfin by 2.4% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,267,650 shares of the company’s stock valued at $22,792,000 after buying an additional 30,000 shares in the last quarter. 91.41% of the stock is owned by hedge funds and other institutional investors.

Shares of RDFN stock opened at $21.22 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.81 and a quick ratio of 3.68. Redfin has a one year low of $13.56 and a one year high of $23.47. The company’s fifty day moving average price is $19.21 and its 200-day moving average price is $17.81. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of -43.31 and a beta of 1.42.

Redfin Company Profile

Redfin Corporation operates as a real estate brokerage company in the United States. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in purchase or sell their residential property. It also provides title and settlement services; originates and sells mortgages; and buys and sells residential properties.

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Earnings History and Estimates for Redfin (NASDAQ:RDFN)

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