Redfin Corporation (NASDAQ:RDFN ) Q4 2024 Earnings Conference Call February 27, 2025 4:30 PM ET Corporate Participants Meg Nunnally - Head, IR Glenn Kelman - Chief Executive Officer Chris Nielsen - Chief Financial Officer Conference Call Participants Naved Khan - B. Riley John Campbell - Stephens Dae Lee - JPMorgan Jason Helfstein - Oppenheimer & Co. Ygal Arounian - Citi John Colantuoni - Jefferies Tom White - DA Davidson Operator Greetings and welcome to Redfin Corporation Quarter Four 2024 Earnings Conference Call.
This story originally appeared on Real Estate News.
While the top- and bottom-line numbers for Redfin (RDFN) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Redfin (RDFN) came out with a quarterly loss of $0.29 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.20 per share a year ago.
Redfin (RDFN -8.83%), a technology-centered real estate brokerage, released its earnings for the fourth quarter of 2024 on Feb. 27, 2025. Significant revenue growth was the highlight, reaching $244.3 million, which outpaced analyst expectations of $242 million, and marked a 12.0% increase compared to the same quarter the previous year.
Zillow Group and Redfin are long-time competitors.
Evaluate the expected performance of Redfin (RDFN) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Redfin (RDFN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Redfin (RDFN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
While a new listings partnership between Redfin and Zillow is expected to benefit both companies in the long run, it comes at a cost for some Redfin employees.
The stock market was having a generally weak day on Wednesday, thanks to some hotter-than-expected inflation data. And real estate stocks were especially hard-hit.
Zillow Group reported $554 million in revenue for its fourth quarter, up 17% year-over-year, topping analyst estimates.