We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you accept our Privacy Policy and Terms of Service, revised from time to time, and you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Redfin (RDFN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
For the quarter ended December 2024, Redfin (RDFN - Free Report) reported revenue of $244.28 million, up 12% over the same period last year. EPS came in at -$0.29, compared to -$0.20 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $241.47 million, representing a surprise of +1.17%. The company delivered an EPS surprise of -20.83%, with the consensus EPS estimate being -$0.24.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Redfin performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Real estate services transactions - Total: 14.36 million versus 13.76 million estimated by three analysts on average.
Average number of lead agents: 1,927 versus 1,742 estimated by three analysts on average.
Real estate services transactions - Partner: 2.92 million compared to the 2.92 million average estimate based on three analysts.
Real estate services revenue per transaction - Aggregate: $10.37 million versus the three-analyst average estimate of $10.66 million.
Monthly average visitors: 42.68 million compared to the 43.87 million average estimate based on two analysts.
Real estate services revenue per transaction - Partner: $3.03 million versus $3.03 million estimated by two analysts on average.
Real estate services transactions - Brokerage: 11.44 million versus 10.84 million estimated by two analysts on average.
Real estate services revenue per transaction - Brokerage: $12.25 million versus $12.80 million estimated by two analysts on average.
Revenue- Real estate services: $148.98 million versus the six-analyst average estimate of $147.32 million. The reported number represents a year-over-year change of +12.1%.
Revenue- Rentals: $51.63 million versus $51.15 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +5% change.
Revenue- Mortgage: $30.21 million compared to the $29.82 million average estimate based on four analysts. The reported number represents a change of +15% year over year.
Gross profit- Real estate services: $32.67 million versus the three-analyst average estimate of $42.50 million.
Shares of Redfin have returned +1.7% over the past month versus the Zacks S&P 500 composite's -2.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Redfin (RDFN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended December 2024, Redfin (RDFN - Free Report) reported revenue of $244.28 million, up 12% over the same period last year. EPS came in at -$0.29, compared to -$0.20 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $241.47 million, representing a surprise of +1.17%. The company delivered an EPS surprise of -20.83%, with the consensus EPS estimate being -$0.24.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Redfin performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Real estate services transactions - Total: 14.36 million versus 13.76 million estimated by three analysts on average.
- Average number of lead agents: 1,927 versus 1,742 estimated by three analysts on average.
- Real estate services transactions - Partner: 2.92 million compared to the 2.92 million average estimate based on three analysts.
- Real estate services revenue per transaction - Aggregate: $10.37 million versus the three-analyst average estimate of $10.66 million.
- Monthly average visitors: 42.68 million compared to the 43.87 million average estimate based on two analysts.
- Real estate services revenue per transaction - Partner: $3.03 million versus $3.03 million estimated by two analysts on average.
- Real estate services transactions - Brokerage: 11.44 million versus 10.84 million estimated by two analysts on average.
- Real estate services revenue per transaction - Brokerage: $12.25 million versus $12.80 million estimated by two analysts on average.
- Revenue- Real estate services: $148.98 million versus the six-analyst average estimate of $147.32 million. The reported number represents a year-over-year change of +12.1%.
- Revenue- Rentals: $51.63 million versus $51.15 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +5% change.
- Revenue- Mortgage: $30.21 million compared to the $29.82 million average estimate based on four analysts. The reported number represents a change of +15% year over year.
- Gross profit- Real estate services: $32.67 million versus the three-analyst average estimate of $42.50 million.
View all Key Company Metrics for Redfin here>>>Shares of Redfin have returned +1.7% over the past month versus the Zacks S&P 500 composite's -2.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.