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Redfin (NASDAQ:RDFN) announces its next round of earnings this Thursday, August 1. Here's Benzinga's look at Redfin's Q2 earnings report.
Earnings and Revenue
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Analysts are expecting Redfin to report a loss of 15 cents per share. Revenue will likely be around $190.39 million, according to the consensus estimate.
Redfin reported a profit of 4 cents when it published results during the same quarter last year. Sales in that period totaled $142.64 million. Revenue would be up 33.47% on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 |
| EPS Estimate | -0.740 | -0.18 | 0.02 | 0.02 | -0.44 |
| EPS Actual | -0.740 | -0.14 | 0.04 | 0.04 | -0.44 |
Stock Performance
Over the last 52-week period, shares are down 25.76%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release. Over the past 90 days, analysts have adjusted their estimates lower for EPS and revenues. Analysts generally rate Redfin stock as Sell. The strength of this rating has maintained conviction over the past three months.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. Redfin is scheduled to hold the call at 4:30 p.m. ET and can be accessed here: https://edge.media-server.com/mmc/p/dupf84tu
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.