Redfin Corp reports results for the quarter ended March 31 - Earnings Summary

• Redfin Corp RDFN.OQ reported a quarterly adjusted loss of 73 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -57 cents. The mean expectation of fifteen analysts for the quarter was for a loss of 69 cents per share. Wall Street expected results to range from -74 cents to -59 cents per share.

• Revenue fell 2% to $221.03 million from a year ago; analysts expected $220.93 million.

• Redfin Corp's reported EPS for the quarter was a loss of 73 cents​.

• The company reported a quarterly loss of $92.52 million.

• Redfin Corp shares had risen by 0.1% this quarter and gained 17.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 78.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 13 "hold" and no "sell" or "strong sell." The average consensus recommendation for the real estate services peer group is also "hold"

• Wall Street's median 12-month price target for Redfin Corp is $11.00

This summary was machine generated from LSEG data May 6 at 09:01 p.m. UTC. ​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)