Redfin Corporation (RDFN) to Post Q3 2017 Earnings of $0.12 Per Share, William Blair Forecasts
Redfin Corporation (NASDAQ:RDFN) – Research analysts at William Blair issued their Q3 2017 earnings per share estimates for shares of Redfin Corporation in a research report issued to clients and investors on Thursday. William Blair analyst B. Dobell expects that the company will post earnings of $0.12 per share for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Redfin Corporation’s Q4 2017 earnings at ($0.03) EPS, FY2017 earnings at ($0.21) EPS, Q1 2018 earnings at ($0.33) EPS, Q2 2018 earnings at $0.08 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.00 EPS, FY2018 earnings at ($0.08) EPS, Q1 2019 earnings at ($0.37) EPS, Q2 2019 earnings at $0.12 EPS, Q3 2019 earnings at $0.24 EPS and FY2019 earnings at $0.05 EPS.
Other research analysts have also issued research reports about the stock. Goldman Sachs Group, Inc. (The) began coverage on shares of Redfin Corporation in a research note on Tuesday, August 22nd. They issued a “neutral” rating and a $20.00 price objective for the company. Bank of America Corporation reissued a “neutral” rating and issued a $28.00 price objective on shares of Redfin Corporation in a research note on Tuesday, August 22nd. Royal Bank Of Canada began coverage on shares of Redfin Corporation in a research note on Tuesday, August 22nd. They issued a “sector perform” rating and a $28.00 price objective for the company. Stifel Nicolaus began coverage on shares of Redfin Corporation in a research note on Tuesday, August 22nd. They issued a “hold” rating and a $24.00 price objective for the company. Finally, Piper Jaffray Companies began coverage on shares of Redfin Corporation in a research note on Thursday, September 28th. They issued a “neutral” rating and a $26.00 price objective for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $26.86.
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Shares of Redfin Corporation (NASDAQ:RDFN) opened at 25.25 on Monday. The stock’s market cap is $1.78 billion. The stock has a 50 day moving average of $25.73 and a 200 day moving average of $25.70. Redfin Corporation has a 12 month low of $19.29 and a 12 month high of $33.49.
Redfin Corporation (NASDAQ:RDFN) last announced its quarterly earnings results on Thursday, September 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $104.90 million during the quarter, compared to analysts’ expectations of $104.78 million. The firm’s revenue was up 35.0% on a year-over-year basis.
In other news, major shareholder Tiger Global Management Llc purchased 260,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was bought at an average price of $15.00 per share, for a total transaction of $3,900,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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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