Redfin (RDFN) to Release Quarterly Earnings on Thursday

Redfin (NASDAQ:RDFN) is set to announce its earnings results after the market closes on Thursday, February 22nd. Analysts expect the company to announce earnings of ($0.04) per share for the quarter.

Shares of Redfin (NASDAQ:RDFN) opened at $22.95 on Tuesday. Redfin has a 52 week low of $19.18 and a 52 week high of $33.49.

A number of analysts recently commented on RDFN shares. Royal Bank of Canada reaffirmed a “hold” rating and set a $28.00 price objective on shares of Redfin in a research note on Monday, October 30th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $26.00 price objective on shares of Redfin in a research note on Wednesday, November 1st. Oppenheimer decreased their price objective on Redfin from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, November 10th. Bank of America decreased their price objective on Redfin from $28.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, November 10th. Finally, Zacks Investment Research raised Redfin from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.73.

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Redfin Company Profile

Redfin Corporation is engaged in providing residential real estate brokerage services. The customer can search for homes by neighborhood, city or MLS number, or can refine results using detailed parameters, such as price and number of beds or baths. The Company serves home buyers and sellers. The Company offers online tools to consumers, including Redfin Estimate, which is an automated home-valuation tool.

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