Redfin Q3 2023 Gaap EPS $(0.17) Beats $(0.20) Estimate, Sales $268.96M Miss $270.99M Estimate
Portfolio Pulse from saritha@benzinga.com
Redfin reported Q3 2023 GAAP EPS of $(0.17), beating the estimate of $(0.20) by 15%. However, the company's sales of $268.96M missed the estimate of $270.99M by 0.75%. Compared to the same period last year, EPS increased by 79.52% while sales decreased by 55.21%.
November 02, 2023 | 8:03 pm
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Redfin's Q3 2023 earnings beat estimates but sales missed, indicating mixed performance. EPS increased significantly YoY, while sales decreased.
Redfin's EPS beat estimates, which is a positive signal for investors. However, the miss on sales could be a concern, especially given the significant YoY decrease. The mixed results make it difficult to predict the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100