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Redfin (RDFN)
:RDFN
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.24Last Year’s EPS
-0.2Same Quarter Last Year
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -32.46%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there were positive aspects such as revenue growth and strong performance in the Rentals segment, the company faced challenges with profitability, unforeseen costs, and a decline in visitor traffic. The sentiment leans towards Neutral as both highlights and lowlights are balanced.Company Guidance
In the Q3 2024 earnings call for Redfin Corporation, the company reported a 3% year-over-year revenue increase to $278 million, positioning itself in the middle of the previously discussed range. However, the adjusted EBITDA was at the lower end, at $4 million, partly due to unexpected one-time expenses totaling $4 million. The guidance for the fourth quarter anticipates an adjusted EBITDA loss between $15 million and $22 million, resulting in a fiscal year loss larger than initially expected. Despite these challenges, Redfin is optimistic about 2025, with plans to boost advertising spending and further expand its Redfin Next program, which has already shown a 21% higher likelihood of customers buying a home in initial markets. The company expects gross margins to start increasing year-over-year in the fourth quarter. Additionally, Redfin noted a decline in third-quarter visitors by 4% year-over-year but is confident in future growth driven by increased ad spending and strategic investments in technology and agent bonuses to enhance service delivery.Revenue Growth
Redfin's third quarter revenues grew 3% year-over-year to $278 million, marking the third straight quarter of organic revenue growth.
Rentals Segment Growth
The Rentals segment posted its eighth straight quarter of growth with revenue of $52 million, an increase of 9% year-over-year.
Improved Gross Margins in Other Segments
Other segment gross margin was 54.2%, up from 40.4% a year ago, driven by growth in title and digital revenue businesses.
Increased Market Share in Mortgage Attach Rates
Redfin's third quarter mortgage attach rates increased to 27% from 22% year-over-year.
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RDFN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RDFN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $11.46 | $9.67 | -15.62% |
| Aug 06, 2024 | $7.06 | $6.40 | -9.35% |
| May 07, 2024 | $6.37 | $6.25 | -1.88% |
| Feb 27, 2024 | $7.16 | $7.00 | -2.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Redfin (RDFN) report earnings?
Redfin (RDFN) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Redfin (RDFN) earnings time?
Redfin (RDFN) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RDFN EPS forecast?
RDFN EPS forecast for the fiscal quarter 2024 (Q4) is -0.24.
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