Equities research analysts expect Redfin Corp (NASDAQ:RDFN) to report sales of $79.09 million for the current quarter, according to Zacks. Three analysts have issued estimates for Redfin’s earnings, with estimates ranging from $77.90 million to $80.26 million. The company is expected to report its next quarterly earnings report on Thursday, May 24th.
On average, analysts expect that Redfin will report full year sales of $79.09 million for the current fiscal year, with estimates ranging from $474.12 million to $477.45 million. For the next year, analysts expect that the firm will report sales of $613.02 million per share, with estimates ranging from $596.90 million to $628.10 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Redfin.
Redfin (NASDAQ:RDFN) last released its earnings results on Thursday, February 22nd. The company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. The company had revenue of $95.80 million for the quarter, compared to the consensus estimate of $91.59 million. Redfin’s quarterly revenue was up 43.4% on a year-over-year basis.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MetLife Investment Advisors LLC purchased a new position in Redfin during the 4th quarter valued at $155,000. Macquarie Group Ltd. purchased a new position in Redfin during the 4th quarter valued at $11,034,000. PEAK6 Investments L.P. purchased a new position in Redfin during the 4th quarter valued at $266,000. Teachers Advisors LLC boosted its holdings in Redfin by 12.4% during the 4th quarter. Teachers Advisors LLC now owns 20,569 shares of the company’s stock valued at $644,000 after acquiring an additional 2,267 shares during the period. Finally, QVT Financial LP purchased a new position in Redfin during the 4th quarter valued at $250,000. Institutional investors own 52.30% of the company’s stock.
Redfin (NASDAQ RDFN) traded down $0.61 during midday trading on Tuesday, hitting $20.96. The stock had a trading volume of 5,126,946 shares, compared to its average volume of 1,599,405. Redfin has a 52-week low of $19.18 and a 52-week high of $33.49.
TRADEMARK VIOLATION WARNING: “Redfin Corp (RDFN) Expected to Post Quarterly Sales of $79.09 Million” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3222123/redfin-corp-rdfn-expected-to-post-quarterly-sales-of-79-09-million.html.
Redfin 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Redfin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redfin and related companies with MarketBeat.com's FREE daily email newsletter.