REDFIN CORP (RDFN)

Why Redfin (RDFN) Shares Are Falling Today

Shares of real estate technology company Redfin (NASDAQ:RDFN) fell 27.6% in the afternoon session after the company reported weak third-quarter earnings, which fell short of Wall Street's expectations. The number of brokerage transactions missed, and EBITDA fell short of Wall Street's estimates. The challenging operating environment, characterized by fluctuating mortgage rates and aggressive competitor ad spending, further weakened the performance. As a result, EBITDA guidance came in below expectations, throwing some cold water on the solid revenue guide. Overall, this was a weaker quarter.

Redfin (RDFN) Q3 2024 Earnings Call Transcript

RDFN earnings call for the period ending September 30, 2024.

Which stocks are moving after the closing bell on Thursday?

The regular session of the US market on Thursday is now over, but let's get a preview of the after-hours session and explore the top gainers and losers driving the post-market movements.

Redfin (NASDAQ:RDFN) Reports Sales Below Analyst Estimates In Q3 Earnings, Stock Drops 13.3%

Real estate technology company Redfin (NASDAQ:RDFN) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 3.4% year on year to $278 million. On the other hand, next quarter’s outlook exceeded expectations with revenue guided to $242 million at the midpoint, or 1.5% above analysts’ estimates. Its GAAP loss of $0.28 per share was 38.2% below analysts’ consensus estimates.

Redfin Reports Third Quarter 2024 Financial Results

Notable Thursday Option Activity: MPW, RDFN, ARQT

Interesting RDFN Put Options For December 27th

Redfin Reports Pending Home Sales Held Steady in Final Run-Up to Election Despite 7% Mortgage Rates

Redfin (RDFN) To Report Earnings Tomorrow: Here Is What To Expect

Real estate technology company Redfin (NASDAQ:RDFN) will be reporting earnings tomorrow after market hours. Here’s what you need to know.

Redfin Reports The Number of Renter Households Is Growing Three Times Faster Than Homeowner Households

Redfin Survey: 38% of People Who Already Voted Say Housing Affordability Impacted Their Presidential Pick

Could Buying Opendoor Stock Today Set You Up for Life?

The largest iBuying platform in the U.S. could be a potential multibagger stock.

Redfin Reports 28% of Houses For Sale Are Newly Built, the Lowest Share in 3 Years

RDFN December 13th Options Begin Trading

Real Estate Agent Commissions Hold Steady Since New Industry Rules Were Implemented, Redfin Reports

Redfin Reports Housing Market Stays Surprisingly Active As Election Looms and Mortgage Rates Hit 7%

Redfin Reports Roughly One-Third of Renters Have an Apartment That Costs Less Than $1,000 a Month—the Lowest Share on Record

Young Homeowners Are Much More Likely Than Young Renters to Say They’re Financially Better Off Than 4 Years Ago

Homebuyers Lose $33,000 in Purchasing Power in 6 Weeks As Mortgage Rates Hit 7%

Property Taxes Have Surged Nearly 60% in Tampa and Jacksonville Since 2019, Exacerbating Florida’s Housing Affordability Crisis

Redfin to Announce Third-Quarter 2024 Results on November 7, 2024

Interesting RDFN Put Options For December 6th

Roughly 4 in 5 U.S. Residents Believe There Should be Caps On Rent Hikes

Redfin Reports Homebuying Demand Holds Up Even As Election Uncertainty, Stronger-Than-Expected Economy Push Up Rates

Notable Wednesday Option Activity: RDFN, KR, QS

Here Are the 5 Riskiest Stocks I Own -- and 1 I'm Thinking of Buying

There's nothing wrong with investing a small portion of one's portfolio in riskier growth stocks like these.

Nearly 1 in 5 People Have Gotten in a Disagreement With a Neighbor Over Politics: Redfin Survey

Opendoor Stock Is Beaten Down Now, but It Could 10X

Although this real estate stock has gotten crushed so far, its low price could be a buying opportunity.

Redfin Reports U.S. Home Prices Grew 0.5% in September, the Fastest Pace Since April

Monday Sector Laggards: General Contractors & Builders, Real Estate Stocks

First Week of RDFN December 20th Options Trading

Pending Home Sales Jumped 2.5% in September, the Biggest Monthly Increase in Over a Year and a Half

Redfin Reports Rising Mortgage Rates Haven’t Yet Slowed Pending Sales

Redfin Expands Free Rental Tools Nationwide

Nearly One-Third of U.S. Renters Rank Housing Affordability As a Top-Three Issue in the Presidential Election: Redfin Survey

1 Growth Stock Down 95% to Buy Right Now

The sheer scope of Opendoor's pullback was more the result of unlucky timing than an indictment of the company's prospects.