Redfin Corporation (RDFN) earnings: expect 31% revenue growth

4:59 pm ET, 07 May 2019

Redfin Corporation (RDFN) is announcing earnings on May 08, after the market closes. Wondering what revenue and earnings will look like?

What should you expect from the upcoming earnings?

Revenue for the next quarter is expected to be $105M, which implies 31% growth rate year-over-year.

Earnings per share are expected to come in at $-0.75. If this materializes, EPS will decline -70% year-over-year.

How did the stock do last month?

Over the last month, Redfin Corporation (RDFN) returned +8.57%.

What do analysts say about the stock?

Redfin Corporation (RDFN) average analyst price target is -0.15% below its current price ($20.68).

For the latest price and information on Redfin Corporation, please visit Finstead and ask for "RDFN", "RDFN analysis" or "RDFN news".

Redfin Corporation (RDFN) Stock Guide

Updated at: 11:49 pm ET, 18 Sep 2020

Before we start: if you're looking for RDFN stock price, you can quickly find it out by visiting Finny and typing "RDFN quote". If you're looking for a quick scoop on RDFN stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "RDFN". You'll get all this info in one place. Or you can just type "RDFN news" to get the latest stock news.

Looking to buy or sell Redfin Corporation (RDFN)? Interested in getting the full scoop on RDFN, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this RDFN stock guide, we'll address key questions about RDFN, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Earnings and Dividends: earnings, earnings date, dividend rate and dividend yield;
Analyst Predictions: stock forecast and analyst ratings;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What are RDFN earnings?
2. What is RDFN stock forecast (i.e., prediction)?
3. RDFN buy or sell? What is RDFN Finny Score?
4. What are the reasons to buy RDFN? Why should I buy RDFN stock?
5. What are the reasons to sell RDFN? Why should I sell RDFN stock?
6. What are RDFN key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Earnings and Dividends

1. What are RDFN earnings?

RDFN trailing 12-month earnings per share (EPS) is -$0.73.

Analyst Predictions

2. What is RDFN stock forecast (i.e., prediction)?

Based on RDFN analyst price targets, RDFN stock forecast is $40.85 (for a year from now). That means the average analyst price target for RDFN stock is $40.85. The prediction is based on 7 analyst estimates.

The low price target for RDFN is $25.00, while the high price target is $50.00.

RDFN analyst rating is Buy.

Analysis

3. RDFN buy or sell? What is RDFN Finny Score?

#{finnyScore:40}Our quantitative analysis shows 4 reasons to buy and 6 reasons to sell RDFN, resulting in Finny Score of 40.

4. What are the reasons to buy RDFN? Why should I buy RDFN stock?

Here are the reasons to buy RDFN stock:

  • Redfin's customer-first strategy has helped the company grow enormously. Its customers save a lot of money due to lower charges; also Redfin Estimates help buyers make better-informed decisions.
  • The company has started to show some positive momentum this year. With the FED removing fears of more interest rate hikes we could see a rebound in the housing market in 2019 backed by improving economic indicators and lower unemployment.
  • Redfin serves around 77% of the US population. The company has also entered Canada this year in a bid for an international expansion.
  • RDFN quarterly revenue growth was 8.00%, higher than the industry and sector average revenue growth (0.82% and 1.44%, respectively). See RDFN revenue growth chart.
  • RDFN profitability is improving. The YoY profit margin change was 42.97 percentage points. See RDFN profitability chart.
  • RDFN average analyst rating is Buy. See RDFN analyst rating chart.
  • RDFN cash to debt ratio is 1.92, higher than the average industry (0.08) and sector (0.10) cash to debt ratio. See RDFN cash to debt chart.

5. What are the reasons to sell RDFN? Why should I sell RDFN stock?

Let's look at the reasons to sell RDFN stock (i.e., the bear case):

  • Investors are concerned about the company's long-term growth prospect. Several new players have entered the lucrative online real estate market.
  • The stock has been very volatile. Some of the long-term investors are giving this stock a pass.
  • The company is facing some heat due to its high valuation. It might take some time for Redfin to be profitable.
  • RDFN Price/Book ratio is 13.99, which is high compared to its industry peers’ P/B ratios. See RDFN forward Price/Book ratio chart.
  • RDFN Price/Sales ratio is 5.67, which is high compared to its industry peers’ P/S ratios. See RDFN forward Price/Sales ratio chart.
  • RDFN average analyst price target ($40.85) is below its current price ($45.92). See RDFN price target chart.
  • RDFN short share of float is 9.32%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock. See RDFN short share of float chart.
  • RDFN short interest (days to cover the shorts) ratio is 6.27. The stock garners more short interest than the average industry, sector or S&P 500 stock. See RDFN short interest ratio chart.
  • RDFN Enterprise Value/Revenue multiple is 5.47, which is high compared to its industry peers’ Enterprise Value/Revenue multiples. See RDFN Enterprise Value/Revenue chart.

Key Stats

6. What are RDFN key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for RDFN:

Metrics RDFN
Price $49.99
Average Price Target / Upside $43.00 / -13.98%
Average Analyst Rating Buy
Forward Dividend Yield 0.00%
Industry Real Estate Services
Sector Real Estate
Number of Employees 2,993
Market Cap $5.94B
Forward P/E Ratio -173.97
Price/Book Ratio 6.78
Revenue (TTM) $876.53M
YoY Quarterly Revenue Growth 8.00%
Profit Margin -7.73%

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