Insight into Redfin's Financial Performance and Strategic Enhancements Amidst Market Challenges
Although the revenue and EPS for Redfin (RDFN) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Real estate technology company Redfin (NASDAQ:RDFN) reported Q1 CY2024 results beating Wall Street analysts' expectations, with revenue up 5.3% year on year to $225.5 million. Guidance for next quarter's revenue was also optimistic at $291.5 million at the midpoint, 2.7% above analysts' estimates. It made a GAAP loss of $0.57 per share, down from its loss of $0.52 per share in the same quarter last year.