Redfin: Q1 Earnings Insights

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Redfin RDFN reported its Q1 earnings results on Thursday, May 4, 2023 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

Redfin beat estimated earnings by 7.0%, reporting an EPS of $-0.93 versus an estimate of $-1.0.

Revenue was down $271.69 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.01 which was followed by a 6.55% drop in the share price the next day.

Here's a look at Redfin's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -1.08 -0.79 -0.62 -1.09
EPS Actual -1.09 -0.83 -0.73 -0.81
Revenue Estimate 445.03M 604.52M 615.63M 550.92M
Revenue Actual 479.66M 600.52M 606.91M 597.35M

To track all earnings releases for Redfin visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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