SEATTLE, Feb. 25, 2021 /PRNewswire/ -- (NASDAQ: RDFN) - Today Redfin (www.redfin.com ), the technology-powered real estate brokerage, published an in-depth analysis on real estate commissions, giving consumers access to data that has historically been unavailable to them. Redfin's analysis found the typical U.S.
PRNewswireRedfin beat analyst expectations for its fiscal fourth quarter, reporting revenue of $244.5 million, up 5% year-over-year, and earnings per share of $0.11. Wall Street expected revenue of $235 million and earnings per share of $0.04. A hot real estate market helped Redfin's monthly active visitors grow to a record 44.1 million, up from 30.6 million in the year-ago quarter, an increase of 43%.
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SEATTLE, Feb. 24, 2021 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced financial results for the fourth quarter and full year ended December 31, 2020. All financial measures, unless otherwise noted, are presented on a GAAP basis and include stock-based compensation, depreciation and amortization, and expenses related to actions taken in response to COVID-19.
PRNewswireSeattle-based Redfin reported $886.1 million in revenue for 2020 in its full-year financial results, the company announced Wednesday. This represents about a 14% year-over-year increase for the tech-focused real estate brokerage, which earned $779.8 million in revenue in 2019.
Puget Sound Business Journal (Seattle)Glenn Kelman wants Redfin to be a "beacon for attracting the real estate industry's most diverse talent." Redfin and its CEO Glenn Kelman have been some of the industry's most vocal advocates for diversity in real estate and housing. But at the same time, the company has also been sued for racial discrimination and favoritism towards white neighborhoods.
InmanSEATTLE (AP) _ Redfin Corp. (RDFN) on Wednesday reported fourth-quarter net income of $14 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Seattle-based company said it had profit of 11 cents. The results beat Wall Street expectations.
Shares of Redfin (NASDAQ:RDFN) fell in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 237.50% year over year to $0.11, which beat the estimate of $0.04. Revenue of $244,517,000 higher by 4.86% year over year, which beat the estimate of $233,520,000.
Depleting inventory levels, decreasing mortgage rates and increase in home sales point to healthy outlook for housing market.
The commissions homesellers offer buyer's agents are poised to drop due to the upcoming widespread public display of commissions and steady erosion from real estate companies that buy homes directly from private sellers online and then re-sell them, known as iBuyers, according to a new report from tech-focused real estate brokerage and iBuyer Redfin.
Inman( Redfin Corporation NASDAQ:RDFN) Q4 2020 Earnings Call, 4:30 p.m. ET Prepared Remarks Questions and Answers Call Participants Operator Good day, and welcome to the Redfin Corporation Quarter Four 2020 Earnings Call. [Operator Instructions] At this time, I would like to turn the conference over to, Head of Investor Relations, Meg Nunnally.
In Atlanta, iBuyers paid buyers' agents 3 percent in 2019. In the fourth quarter of 2020, that dropped to 2.5 percent. While increasing scrutiny on offer prices - due to high price appreciation - led to a slowdown in the number of homes Redfin purchased in the fourth quarter of 2020 through its iBuyer platform RedfinNow, the same price appreciation also led to the company posting its highest ever gain on iBuyer sales.
InmanRedfin (RDFN) shares fall 5.4%in after-hours trading even as Q4 net income of $14.0M, or 11 cent per share, exceeds the average analyst estimate of 4 cents per share.Compares with net...
SEATTLE, Feb. 25, 2021 /PRNewswire/ -- (NASDAQ: RDFN) - Nationwide, 30.7% of Redfin.com users looked to move to a different metro in January, according to a new from Redfin (www.redfin.com ), the technology-powered real estate brokerage. That's up from 25.9% during the same time period last year and the highest share since Redfin started tracking migration in 2017.
PRNewswire3 hours ago (Feb 25, 2021 07:43AM ET) D.A. Davidson analyst Tom White maintained a Hold rating on (NASDAQ:) on Thursday, setting a price target of $92, which is approximately 0.40% above the present share price of $91.63. White expects Redfin to post earnings per share (EPS) of $0.32 for the first quarter of 2021.
Investing.comRedfin ( - Free Report) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 120%.
Zacks.comIn a report released today, Jason Helfstein from Oppenheimer maintained a Hold rating on Redfin (). The company's shares closed last Wednesday at $91.63, close to its 52-week high of $98.45. According to TipRanks.com, Helfstein is a top 25 analyst with an average return of 53.2% and a 75.8% success rate.
Smarter AnalystRedfin beat analyst expectations for its fiscal fourth quarter, reporting income of $244.5 million, up 5% year-over-year, and earnings per share of $zero.11. Wall Road anticipated income of $235 million and earnings per share of $zero.04. A sizzling actual property market helped Redfin's month-to-month energetic guests develop to a file 44.1 million, up from 30.6 million within the year-ago quarter, a rise of 43%.
Pirate PressRedfin agents, in a new report, have shared their tips and tricks in helping homebuyers come out on top in today's ever-competitive housing market. Whether it be seeking out a new home to accommodate working remotely, or simply buyers taking advantage of record-low rates, demand continues to outweigh supply, resulting in bidding wars for these ...
Redfin (NASDAQ:RDFN) is scheduled to announce Q4 earnings results on Wednesday, February 24th, after market close.The consensus EPS Estimate is $0.04 (+150.0% Y/Y) and the consensus...
