Redfin (RDFN) Tops Q4 EPS by 3c, Beats on Revenues; Offers 1Q18 Revenue Outlook Above Consensus

Note: EPS may not be comparable

Redfin (NASDAQ: RDFN) reported Q4 EPS of ($0.02), $0.03 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $95.8 million versus the consensus estimate of $91.43 million.

Business OutlookThe following forward-looking statements reflect Redfin's expectations as of February 22, 2018, and are subject to substantial uncertainty.

For the first quarter of 2018 we expect:

• Revenue between $74.6 million and $78.4 million, representing year-over-year growth between 25% and 31% compared to the first quarter of 2017. Redfin Now revenue between $2.3 million and $3.1 million is included in the guidance provided.
• Net loss between $38.7 million and $35.9 million, compared to net loss of $28.1 million in the first quarter of 2017. This guidance includes approximately $4.5 million of expected stock-based compensation and $1.8 million of expected depreciation and amortization.

For earnings history and earnings-related data on Redfin (RDFN) click here.

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