Redfin Expects Q1 Total Revenue Of $214M-$223M, Est $219.097M
Portfolio Pulse from Benzinga Newsdesk
Redfin forecasts Q1 total revenue to be between $214M-$223M, closely aligning with the estimated $219.097M. The company anticipates a net loss of $72M-$65M and an adjusted EBITDA loss of $36M-$29M for the first quarter of 2024.
February 27, 2024 | 10:59 pm
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NEUTRAL IMPACT
Redfin anticipates Q1 total revenue of $214M-$223M, with a net loss of $72M-$65M and an adjusted EBITDA loss of $36M-$29M.
Redfin's forecast aligns closely with market estimates, indicating a potential stabilization in its financial outlook. The detailed financial projections provide a clear picture of expected performance, but the anticipated losses may temper investor enthusiasm. The neutral score reflects the balance between meeting revenue expectations and the significant projected losses.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100