JUMP REPORT
Avg Daily Volume: 949,538 Market Cap: 2.35B
Sector: None Short Interest: 21.25
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.12/share REV: 217.1/M
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LAST QTR: EPS: .04/share ACTUAL: .07/share (BEAT)
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NEXT QTR: EPS: -.76/share REV: 178.25/M
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FULL YR: EPS: -.91/share REV: 764/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 43% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 7.84, 11.45, -15.41
EXPECTED JUMP MOVE: 10-15%
Links To Latest News and Headlines
SEATTLE, May 18, 2022–(NASDAQ: RDFN) —Nationwide, 60.7% of home offers written by Redfin agents encountered competition on a seasonally adjusted basis in April, the lowest level since March 2021, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s down from a revised rate of 63.4% a month earlier and 67.4% a year earlier, and marks the second-consecutive monthly decline.
SEATTLE, May 18, 2022–(NASDAQ: RDFN) — The median monthly asking rent in the U.S. increased 15% year over year to a record high of $1,962 in April, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s below March’s 17% increase, marking the first slowdown in a year.
No matter your level of experience investing money on Wall Street, it’s been a rough year. Meanwhile, the technology-driven Nasdaq Composite declined close to 30% from its November all-time high, firmly placing it in a bear market. This is why Wall Street analysts typically have a bullish outlook on many of the companies they cover.
Investors will get the latest indication of how rising prices and mortgage rates have affected demand this week.
Meanwhile, Zillow is forecasting the U.S. housing market will pass an “inflection point” this spring.
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