Redfin to Post Q1 2018 Earnings of ($0.45) Per Share, DA Davidson Forecasts (RDFN)

Redfin (NASDAQ:RDFN) – Equities research analysts at DA Davidson issued their Q1 2018 earnings per share estimates for shares of Redfin in a report released on Tuesday, April 3rd. DA Davidson analyst T. White anticipates that the company will earn ($0.45) per share for the quarter. DA Davidson has a “Buy” rating and a $28.00 price target on the stock. DA Davidson also issued estimates for Redfin’s Q2 2018 earnings at $0.07 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.00 EPS, FY2018 earnings at ($0.20) EPS, Q1 2019 earnings at ($0.42) EPS, Q2 2019 earnings at $0.12 EPS, Q3 2019 earnings at $0.28 EPS, Q4 2019 earnings at $0.08 EPS, FY2019 earnings at $0.07 EPS and FY2020 earnings at $0.22 EPS.

How to Become a New Pot Stock Millionaire

Redfin (NASDAQ:RDFN) last issued its earnings results on Thursday, February 22nd. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. The firm had revenue of $95.80 million during the quarter, compared to analyst estimates of $91.59 million. The firm’s revenue was up 43.4% on a year-over-year basis.

A number of other equities research analysts have also commented on the company. BidaskClub upgraded Redfin from a “hold” rating to a “buy” rating in a research report on Saturday, December 30th. KeyCorp assumed coverage on Redfin in a research report on Tuesday, December 19th. They issued a “sector weight” rating on the stock. Cowen assumed coverage on Redfin in a research report on Friday, December 15th. They issued an “outperform” rating and a $30.00 price target on the stock. Piper Jaffray upped their price target on Redfin from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Finally, William Blair reiterated an “outperform” rating on shares of Redfin in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.92.

Shares of RDFN opened at $22.03 on Friday. Redfin has a 12-month low of $19.18 and a 12-month high of $33.49. The stock has a market capitalization of $1,809.75 and a price-to-earnings ratio of -110.15.

Several institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC boosted its position in shares of 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 purchasing an additional 2,267 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Redfin by 13.0% during the 4th quarter. Bank of New York Mellon Corp now owns 37,489 shares of the company’s stock valued at $1,174,000 after purchasing an additional 4,308 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Redfin during the 4th quarter valued at about $155,000. SG Americas Securities LLC bought a new stake in shares of Redfin during the 3rd quarter valued at about $139,000. Finally, Wells Fargo & Company MN bought a new stake in shares of Redfin during the 3rd quarter valued at about $158,000. Institutional investors own 52.44% of the company’s stock.

In related news, insider Adam Wiener sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of $22.27, for a total transaction of $222,700.00. Following the sale, the insider now owns 279,649 shares in the company, valued at approximately $6,227,783.23. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Christopher John Nielsen sold 25,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $20.51, for a total value of $512,750.00. Following the sale, the chief financial officer now owns 25,000 shares in the company, valued at approximately $512,750. The disclosure for this sale can be found here. Insiders sold a total of 65,000 shares of company stock worth $1,388,550 in the last quarter.

WARNING: “Redfin to Post Q1 2018 Earnings of ($0.45) Per Share, DA Davidson Forecasts (RDFN)” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this report on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this report can be read at https://www.tickerreport.com/banking-finance/3339530/redfin-to-post-q1-2018-earnings-of-0-45-per-share-da-davidson-forecasts-rdfn.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.

Earnings History and Estimates for Redfin (NASDAQ:RDFN)

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.

Latest News

Decentralized Universal Basic Income Price Reaches $123.81 on Exchanges
Decentralized Universal Basic Income Price Reaches $123.81 on Exchanges
Quark Trading Up 30.6% Over Last 7 Days
Quark Trading Up 30.6% Over Last 7 Days
Electronic PK Chain  24-Hour Volume Hits $832,169.00
Electronic PK Chain 24-Hour Volume Hits $832,169.00
Berenberg Bank Initiates Coverage on Ironwood Pharmaceuticals
Berenberg Bank Initiates Coverage on Ironwood Pharmaceuticals
DRP Utility  Price Reaches $0.35
DRP Utility Price Reaches $0.35
GCN Coin  Price Down 4.7% Over Last Week
GCN Coin Price Down 4.7% Over Last Week


Leave a Reply

© 2006-2018 Ticker Report. Google+.