* Redfin Corp is expected to show a fall in quarterly revenue when it reports results on May 7 for the period ending March 31 2024
* The Seattle Washington-based company is expected to report a 33.1% decrease in revenue to $217.836 million from $325.66 million a year ago, according to the mean estimate from 16 analysts, based on LSEG data.The company's guidance on February 27 2024, for the period ended March 31, was for revenue between $214.00 million and $223.00 million.
* LSEG's mean analyst estimate for Redfin Corp is for a loss of 57 cents per share.
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 14 "hold" and 3 "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in the last three months.
* Wall Street's median 12-month price target for Redfin Corp is $7.00, above its last closing price of $5.90.
The company's guidance on February 27 2024 for the period ended March 31 was for Earnings before Interest, Taxes, Depreciation and Amortization of between 214 million and -29 million $(USD)$. Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 -0.20 -0.22 -0.20 Beat 7.2
Sep. 30 2023 -0.22 -0.21 -0.17 Beat 17.4
Jun. 30 2023 -0.30 -0.32 -0.25 Beat 20.7
Mar. 31 2023 -1.00 -1.01 -0.94 Beat 6.5
Dec. -1.08 -1.08 -1.09 Missed -1
31 2022
Sep. 30 2022 -0.83 -0.80 -0.83 Missed -3.5
Jun. 30 2022 -0.62 -0.62 -0.73 Missed -17
Mar. 31 2022 -1.10 -1.09 -0.86 Beat 21
This summary was machine generated May 3 at 22:14 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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