Redfin RDFN is preparing to release its quarterly earnings on Thursday, 2024-11-07. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Redfin to report an earnings per share (EPS) of $-0.20.
The market awaits Redfin's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Earnings Track Record
The company's EPS beat by $0.03 in the last quarter, leading to a 9.35% drop in the share price on the following day.
Here's a look at Redfin's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.26 | -0.57 | -0.22 | -0.20 |
| EPS Actual | -0.23 | -0.57 | -0.20 | -0.17 |
| Price Change % | -9.0% | -2.0% | -2.0% | 22.0% |
Tracking Redfin's Stock Performance
Shares of Redfin were trading at $11.01 as of November 05. Over the last 52-week period, shares are up 102.85%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
To track all earnings releases for Redfin visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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