Wall Street analysts expect Redfin Corp (NASDAQ:RDFN) to report $117.04 million in sales for the current quarter, according to Zacks. Six analysts have made estimates for Redfin’s earnings, with the lowest sales estimate coming in at $116.49 million and the highest estimate coming in at $117.30 million. Redfin posted sales of $95.75 million in the same quarter last year, which would indicate a positive year over year growth rate of 22.2%. The business is expected to announce its next earnings report on Thursday, February 28th.

According to Zacks, analysts expect that Redfin will report full year sales of $479.87 million for the current fiscal year, with estimates ranging from $479.28 million to $480.10 million. For the next year, analysts anticipate that the firm will report sales of $602.03 million, with estimates ranging from $584.17 million to $620.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Redfin.

Redfin (NASDAQ:RDFN) last released its earnings results on Thursday, November 8th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. Redfin had a negative net margin of 6.88% and a negative return on equity of 12.10%. The business had revenue of $140.30 million during the quarter, compared to analysts’ expectations of $139.45 million. During the same period last year, the business earned $0.12 earnings per share. The firm’s revenue was up 28.1% on a year-over-year basis.

A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Redfin from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. DA Davidson cut shares of Redfin from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a research report on Friday, August 10th. William Blair cut shares of Redfin from an “outperform” rating to a “market perform” rating in a research report on Friday, November 9th. BidaskClub raised shares of Redfin from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Finally, Stifel Nicolaus reduced their price objective on shares of Redfin from $25.00 to $20.00 and set a “hold” rating for the company in a research report on Friday, August 10th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Redfin currently has an average rating of “Hold” and a consensus price target of $22.28.

In other news, insider Adam Wiener sold 10,000 shares of Redfin stock in a transaction on Friday, September 14th. The stock was sold at an average price of $19.09, for a total transaction of $190,900.00. Following the completion of the sale, the insider now owns 218,449 shares of the company’s stock, valued at $4,170,191.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bridget Frey sold 5,000 shares of Redfin stock in a transaction on Monday, August 27th. The stock was sold at an average price of $19.53, for a total value of $97,650.00. Following the sale, the insider now directly owns 42,758 shares of the company’s stock, valued at approximately $835,063.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,290 shares of company stock valued at $1,054,111. Company insiders own 8.80% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of RDFN. Great West Life Assurance Co. Can acquired a new stake in shares of Redfin during the second quarter worth $106,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Redfin during the third quarter worth $139,000. Caption Management LLC acquired a new stake in shares of Redfin during the second quarter worth $191,000. United Services Automobile Association acquired a new stake in shares of Redfin during the third quarter worth $195,000. Finally, Perkins Coie Trust Co lifted its holdings in shares of Redfin by 52.4% during the second quarter. Perkins Coie Trust Co now owns 8,648 shares of the company’s stock worth $200,000 after buying an additional 2,972 shares in the last quarter. 79.16% of the stock is owned by institutional investors.

RDFN stock traded down $0.26 during midday trading on Tuesday, reaching $14.41. 856,818 shares of the company were exchanged, compared to its average volume of 1,325,853. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.57 and a quick ratio of 8.15. Redfin has a one year low of $13.50 and a one year high of $31.50. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of -72.05 and a beta of -0.63.

About Redfin

Redfin Corporation operates as a real estate brokerage company in the United States. The company operates an online real estate marketplace and provides real estate services, such as assisting individuals to purchase or sell their residential property. It also provides title and settlement services; originates and sells mortgages; and buys and sells residential properties.

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Earnings History and Estimates for Redfin (NASDAQ:RDFN)

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