Redfin Corporation (RDFN) Scheduled to Post Earnings on Thursday
Redfin Corporation (NASDAQ:RDFN) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 9th. Analysts expect Redfin Corporation to post earnings of $0.12 per share for the quarter.
Redfin Corporation (NASDAQ:RDFN) last released its earnings results on Thursday, September 7th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The business had revenue of $104.90 million for the quarter, compared to analysts’ expectations of $104.78 million. The company’s quarterly revenue was up 35.0% on a year-over-year basis. On average, analysts expect Redfin Corporation to post $-0.19 EPS for the current fiscal year and $-0.04 EPS for the next fiscal year.
Several brokerages have commented on RDFN. Stifel Nicolaus began coverage on Redfin Corporation in a research report on Tuesday, August 22nd. They issued a “hold” rating and a $24.00 price target on the stock. Oppenheimer Holdings, Inc. began coverage on Redfin Corporation in a research report on Tuesday, August 22nd. They issued an “outperform” rating and a $31.00 price target on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $26.00 price target on shares of Redfin Corporation in a research report on Wednesday. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $28.00 price target on shares of Redfin Corporation in a research report on Monday. Finally, Goldman Sachs Group, Inc. (The) began coverage on Redfin Corporation in a research report on Tuesday, August 22nd. They issued a “neutral” rating and a $20.00 price target on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Redfin Corporation currently has a consensus rating of “Hold” and a consensus target price of $26.86.
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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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