Wall Street brokerages forecast that Redfin Corp (NASDAQ:RDFN) will post earnings per share (EPS) of ($0.18) for the current quarter, according to Zacks. Six analysts have provided estimates for Redfin’s earnings. The lowest EPS estimate is ($0.20) and the highest is ($0.13). Redfin posted earnings of ($0.02) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 800%. The firm is expected to issue its next quarterly earnings results on Thursday, February 28th.

On average, analysts expect that Redfin will report full-year earnings of ($0.54) per share for the current year, with EPS estimates ranging from ($0.55) to ($0.51). For the next financial year, analysts expect that the business will post earnings of ($0.80) per share, with EPS estimates ranging from ($0.96) to ($0.61). Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Redfin.

Redfin (NASDAQ:RDFN) last issued its earnings results on Thursday, November 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $140.30 million for the quarter, compared to analyst estimates of $139.45 million. Redfin had a negative net margin of 6.88% and a negative return on equity of 12.10%. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 EPS.

Several research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Redfin from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. DA Davidson lowered shares of Redfin from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a research note on Friday, August 10th. Susquehanna Bancshares assumed coverage on shares of Redfin in a research note on Thursday, November 29th. They issued a “positive” rating and a $19.00 target price on the stock. William Blair lowered shares of Redfin from an “outperform” rating to a “market perform” rating in a research note on Friday, November 9th. Finally, BidaskClub raised shares of Redfin from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $22.50.

Shares of NASDAQ RDFN opened at $17.58 on Tuesday. The stock has a market capitalization of $1.50 billion, a PE ratio of -87.90 and a beta of -0.53. The company has a debt-to-equity ratio of 0.30, a quick ratio of 8.15 and a current ratio of 8.57. Redfin has a 1 year low of $13.50 and a 1 year high of $31.50.

In related news, insider Scott Nagel sold 6,250 shares of the stock in a transaction that occurred on Friday, October 26th. The shares were sold at an average price of $16.44, for a total value of $102,750.00. Following the sale, the insider now directly owns 14,583 shares in the company, valued at approximately $239,744.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Wiener sold 10,000 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $19.09, for a total transaction of $190,900.00. Following the completion of the sale, the insider now owns 218,449 shares in the company, valued at $4,170,191.41. The disclosure for this sale can be found here. Insiders sold a total of 70,225 shares of company stock worth $1,171,434 over the last quarter. 8.80% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in Redfin by 190.3% during the 1st quarter. Royal Bank of Canada now owns 10,050 shares of the company’s stock worth $229,000 after buying an additional 6,588 shares during the period. Amalgamated Bank acquired a new stake in Redfin during the 2nd quarter worth approximately $261,000. TD Asset Management Inc. raised its holdings in Redfin by 9.8% during the 2nd quarter. TD Asset Management Inc. now owns 67,012 shares of the company’s stock worth $1,547,000 after buying an additional 6,000 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Redfin by 9.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,737,016 shares of the company’s stock worth $40,108,000 after buying an additional 148,992 shares during the period. Finally, First Trust Advisors LP acquired a new stake in Redfin during the 2nd quarter worth approximately $1,895,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

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, such as assisting individuals to 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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