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RDFN

Redfin Corp

$11.49

Earnings Summary

Revenue
$606.92Mn
Net Profits
$-78.15Mn
Net Profit Margins
-12.88%

Highlights

Revenue:

Redfin Corp’s revenue jumped 28.77% since last year same period to $606.92Mn in the Q2 2022. On a quarterly growth basis, Redfin Corp has generated 1.6% jump in its revenue since last 3-months.

Net Profits:

Redfin Corp’s net profit fell -180.31% since last year same period to $-78.15Mn in the Q2 2022. On a quarterly growth basis, Redfin Corp has generated 13.94% jump in its net profits since last 3-months.

Net Profit Margins:

Redfin Corp’s net profit margin fell -117.69% since last year same period to -12.88% in the Q2 2022. On a quarterly growth basis, Redfin Corp has generated 15.3% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Redfin Corp post its latest quarter earnings

EPS Estimate Current Quarter
-0.62
EPS Estimate Current Year
-0.62

Highlights

EPS Estimate Current Quarter:

Redfin Corp’s earning per share (EPS) estimates for the current quarter stand at -0.62 - a 43.12% jump from last quarter’s estimates.

EPS Estimate Current Year:

Redfin Corp’s earning per share (EPS) estimates for the current year stand at -0.62.

Key Ratios

Key ratios of the Redfin Corp post its Q2 2022 earnings

Return on Assets (ROA)
-0.05
Return on Equity (ROE)
-0.73
Dividend Per Share (DPS)
0

Highlights

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Redfin Corp’s return on assets (ROA) stands at -0.05.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Redfin Corp’s return on equity (ROE) stands at -0.73.

Dividend Per Share (DPS):

Redfin Corp declared 0 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-05
-1.09
-0.86
21.1%

Company Information

Redfin is a technology-powered real estate broker, instant home-buyer (iBuyer), lender, title insurer, and renovations company. The Company sells homes for more money and charge half the fee. It also runs the country's #1 real-estate brokerage site. Its home-buying customers see homes first with on-demand tours, and its lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have its renovations crew fix up their home to sell for top dollar. Since launching in 2006, Redfin has saved customers nearly $1 billion in commissions. It serves more than 95 markets across the U.S. and Canada and employ over 4,100 people.

Organisation
Redfin Corp
Headquarters
Seattle, Washington, US
Employees
4.18K
Industry
Finance
CEO
Glenn Kelman