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Redfin

Redfin Corp is a residential real estate broker. It pairs its agents with the technology to create a service that is faster and costs less. The company meets customers through a listings-search website and mobile application. The company uses the same combination of technology and local service to originate mortgage loans and offer title and settlement services. It has five operating segments and three reportable segments, real estate services, rentals, and mortgage. The company generates the majority of its revenue from Real estate services.

Redfin Corp

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SABS

SAB BIO Q3 2024 Cash, Cash Equivalents Available $30.4M-$56.6M

Granite Point Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPMT#NYSE">GPMT</a>) reported quarterly losses of $(0.75) per share which beat the analyst consensus estimate of $(0.82) by 8.54 percent. The company reported quarterly sales of $7.658 million which missed the analyst consensus estimate of $10.598 million by 27.74 percent. This is a 61.55 percent decrease over sales of $19.915 million the same period last year.

Earnings Beats

Earnings Misses

GPMT

Granite Point Mortgage Q3 2024 Adj. EPS $(0.75) Beats $(0.82) Estimate, Sales $7.658M Miss $10.598M Estimate

Trevi Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRVI#NASDAQ">TRVI</a>) reported quarterly losses of $(0.13) per share which missed the analyst consensus estimate of $(0.12) by 8.33 percent. This is a 62.5 percent decrease over losses of $(0.08) per share from the same period last year.

TRVI

Trevi Therapeutics Q3 2024 GAAP EPS $(0.13) Misses $(0.12) Estimate

Biotech

General

VIRX

Viracta Therapeutics To Reprioritize Resources To Focus On Nana-val Development Program In Relapsed Or Refractory EBV-Positive Peripheral T-Cell Lymphoma; Announces 42% Force Reduction, Sees $700K In Total Expenses

Ardent Health Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARDT#NYSE">ARDT</a>) reported quarterly earnings of $0.19 per share which missed the analyst consensus estimate of $0.30 by 36.67 percent. The company reported quarterly sales of $1.45 billion which met the analyst consensus estimate. This is a 5.22 percent increase over sales of $1.38 billion the same period last year.

ARDT

Ardent Health Partners Q3 2024 GAAP EPS $0.19 Misses $0.30 Estimate, Sales $1.45B Inline

Offerings

ALKT

Alkami Launches Proposed Secondary Offering Of 7.5M Shares

Dutch Bros Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) shares are up after the company reported its third-quarter results after Wednesday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/11/b41786518/dutch-bros-inc-reports-third-quarter-2024-financial-results">details from the report.</a>
The Details: Dutch Bros reported quarterly earnings of 16 cents per share, which beat the analyst consensus estimate of 12 cents. Quarterly revenue came in at $338.21 million, which beat the analyst consensus estimate of $325.14 million and is an increase over sales of $264.51 million from the same period last year.
<ul>
<li>Dutch Bros opened 38 new shops, 33 were company-operated, across 11 states.</li>
<li>System same-shop sales and transactions increased 2.7% and 0.8%, respectively, relative to the same period in 2023.</li>
<li>Company-operated same-shop sales and transactions increased 4% and 2.4%, respectively, relative to the same period of 2023.</li>
<li>Company-operated shop revenues increased 30.4% to $308.3 million, as compared to $236.5 million in the same period last year. </li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/24/11/41781921/what-does-trumps-victory-mean-for-ev-giant-tesla-and-the-big-3-automakers">What Does Trump&#8217;s Victory Mean For EV Giant Tesla And The Big 3 Automakers?</a>
&#8220;We delivered exceptional performance in the third quarter as we executed our strategic and operational initiatives. We believe our brand is resonating with customers, as we had the highest same-shop transaction growth quarter in two years, outside of the impact of Leap Day. In the third quarter we delivered a 28% revenue increase and systemwide same-shop sales growth of 2.7%, which exceeded our expectations,&#8221; said Christine Barone, CEO of Dutch Bros.
Outlook:&nbsp;The company raised its fiscal year total revenues to be between $1.255 billion and $1.26 billion, up from the prior range of $1.215 billion to $1.23 billion.
BROS Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Dutch Bros shares are up 15.20% after-hours at $40.25 at the time of publication Wednesday.
Read More:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/11/41774549/trumps-big-tech-policies-what-gop-victory-means-for-apple-google-microsoft">Trump&#8217;s Big Tech Policies: What GOP Victory Means For Apple, Google, Microsoft</a></li>
</ul>
Photo: Courtesy of Dutch Bros Inc.

Restaurants

After-Hours Center

Movers

BROS

Dutch Bros Stock Perks Up After Solid Q3 Earnings Report: Details

Manulife Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MFC#NYSE">MFC</a>) reported quarterly earnings of $1.00 per share which beat the analyst consensus estimate of $0.94 by 6.38 percent. The company reported $1.800 billion in sales this quarter. This is a 35.44 percent increase over sales of $1.329 billion the same period last year.

Manulife Financial Q3 2024 Adj. EPS $1.00 Beats $0.94 Estimate, Sales $1.800B Up From $1.329B YoY

Guidance

Marathon Oil Raises 2024 Total Oil Production Guidance To 192,000 Net Bopd And Oil Equivalent Guidance To 393,000 Net Boed, While Leaving Original Capital Spending Guidance Range Unchanged

Kronos Worldwide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRO#NYSE">KRO</a>) reported quarterly sales of $484.70 million which missed the analyst consensus estimate of $569.54 million by 14.90 percent. This is a 22.12 percent increase over sales of $396.90 million the same period last year.

Kronos Worldwide Q3 Sales $484.70M Miss $569.54M Estimate

Iochpe-Maxion (OTC:<a class="ticker" href="https://www.benzinga.com/stock/IOCJY#OTC">IOCJY</a>) reported quarterly earnings of $0.04 per share. This is a 53.85 percent increase over earnings of $0.03 per share from the same period last year. The company reported $717.89 million in sales this quarter. This is a 4.59 percent decrease over sales of $752.42 million the same period last year.

IOCJY

Iochpe-Maxion Q3 EPS $0.04 Up From $0.03 YoY, Sales $717.89M Down From $752.42M YoY

PAHC

CORRECTION: Phibro Animal Health Q1 2025 Adj. EPS $0.35 Beats $0.25 Estimate, Sales $260.400M Beat $244.400M Estimate

Digital Turbine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPS#NASDAQ">APPS</a>) reported quarterly earnings of $0.05 per share which missed the analyst consensus estimate of $0.06 by 16.67 percent. The company reported quarterly sales of $118.728 million which missed the analyst consensus estimate of $125.849 million by 5.66 percent. This is a 17.12 percent decrease over sales of $143.259 million the same period last year.

APPS

Digital Turbine Q2 2025 Adj. EPS $0.05 Misses $0.06 Estimate, Sales $118.728M Miss $125.849M Estimate

Fidelity National Financial Says Continues To Make Strong Progress Toward Investor Day Targets

Plymouth Industrial REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLYM#NYSE">PLYM</a>) lowers FY2024 FFO guidance from $1.88-1.90 to $1.83-1.85 vs $1.89 analyst estimate..

PLYM

Plymouth Industrial REIT Lowers FY2024 FFO Guidance from $1.88-1.90 to $1.83-1.85 vs $1.89 Est

Sharpens focus on strategic aerospace and defense markets, streamlines operations
DALLAS, Nov. 6, 2024 /PRNewswire/ -- ATI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) announced it completed the sale of its precision rolled strip operations in New Bedford, Massachusetts and Remscheid, Germany to Ulbrich Stainless Steels and Special Metals, Inc. (Ulbrich).

Asset Sales

ATI Announces Sale Of Precision Rolled Strip Operations To Ulbrich Stainless Steels And Special Metals, Inc.; No Financial Terms Disclosed

Upwork Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>) shares are climbing after the company reported its third-quarter results after Wednesday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/11/g41786339/upwork-reports-third-quarter-2024-financial-results">key figures from the report. </a>
The Details: Upwork reported quarterly earnings of 29 cents per share, which beat the analyst consensus estimate of 26 cents. Quarterly revenue came in at $193.8 million, which beat the analyst consensus estimate of $185.85 million and is an increase over sales of $175.73 million from the same period last year.
<ul>
<li>Active clients grew 2% year-over-year to 855,000. </li>
<li>Free cash flow was $98 million in the third quarter of 2024, compared to free cash flow of $33.4 million in the third quarter of 2023. </li>
<li>Managed Services grew revenue 5% year-over-year in the third quarter, reflecting increasing demand for delivery of work outcomes and strong pipeline of new Managed Services clients.</li>
<li>Freelancer Plus subscription revenue increased 48% year-over-year in the third quarter.</li>
</ul>
The company also announced a $100 million share repurchase program. 
Read Next: <a href="https://www.benzinga.com/news/24/11/41781921/what-does-trumps-victory-mean-for-ev-giant-tesla-and-the-big-3-automakers">What Does Trump&#8217;s Victory Mean For EV Giant Tesla And The Big 3 Automakers?</a>
&#8220;Upwork continues to seize the tremendous market opportunity and execute our strategy to deliver durable, profitable growth, with 10% year-over-year revenue growth and our highest-ever net income in the third quarter,&#8221; said Hayden Brown, president and CEO of Upwork.
&#8220;We are building long-term shareholder value by serving clients with work outcomes on demand, produced by the world&#8217;s most skilled freelance professionals working hand-in-hand with cutting-edge AI tools. This quarter, our AI-powered innovation accelerated, with new capabilities for Uma, Upwork&#8217;s Mindful AI, that streamline key steps in matching with and hiring talent as well as delivering outcomes in both our Marketplace and Managed Services offerings,&#8221; Brown added. 
Outlook:&nbsp;Upwork sees fourth-quarter revenue of between $178 million and $183 million and adjusted earnings of between 24 cents and 28 cents per share. 
UPWK Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Upwork shares are up 8.92% after-hours at $15.88 at the time of publication Wednesday.
Read More:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/11/41774549/trumps-big-tech-policies-what-gop-victory-means-for-apple-google-microsoft">Trump&#8217;s Big Tech Policies: What GOP Victory Means For Apple, Google, Microsoft</a></li>
</ul>
Photo: Pete Linforth from Pixabay

UPWK

Upwork Shares Higher After Q3 Earnings Beat, Raised Guidance, $100M Stock Buyback

CompX International Q3 Revenue $33.6M Vs $40.3M YoY; GAAP EPS $0.28 Vs $0.47 YoY

ESGR

Enstar Shareholders Approve Sixth Street Acquisition; Terms Not Disclosed

SCYNEXIS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCYX#NASDAQ">SCYX</a>) reported quarterly losses of $(0.06) per share which beat the analyst consensus estimate of $(0.07) by 14.29 percent. This is a 50 percent decrease over losses of $(0.04) per share from the same period last year.

SCYX

SCYNEXIS Q3 EPS $(0.06) Beats $(0.07) Estimate

The real estate industry is expected to grow due to the increased urbanization rates in emerging economies and advancements in construction technology. With their earnings release on the horizon, let's analyze real estate stocks, Redfin (RDFN) and Colliers International Group (CIGI), to determine which real estate stock is a better buy. Read on... As the population booms, particularly in urban areas, the demand for residential, commercial, and industrial spaces grows. This expansion fuels both new construction and the development of existing properties. Thus, the Real Estate market is projected to grow at <a href="https://market.us/report/real-estate-market/">4.8% CAGR by 2033</a>.
Moreover, rental properties accounted for over 54.5% of the market share in 2024, reflecting the demand for flexible accommodation. Also, technological advancements are reshaping the real estate market. <a href="https://www.researchandmarkets.com/report/property?srsltid=AfmBOooCk5LTyJcDCHcIfQqnW-F1BEXESj31AjklMPMNxBeZ4LOkkjT4">AI, IoT, and big data analytics</a> improve efficiency, safety, and profitability by enhancing asset management and enabling predictive maintenance, which extends building lifespans and lowers operational costs.
Against this backdrop, let's compare two real estate stocks, Redfin Corporation (<a href="https://stocknews.com/stock/RDFN/">RDFN</a>) and Colliers International Group Inc. (<a href="https://stocknews.com/stock/CIGI/">CIGI</a>) to determine which is a better AI stock to own.
The Case for Redfin Corporation Stock
With a $1.53 billion <a href="https://www.investopedia.com/investing/market-capitalization-defined/">market cap</a>, Redfin Corporation (<a href="https://stocknews.com/stock/RDFN/">RDFN</a>) operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home.
RDFN's stock has gained 114.5% over the past three months to close the last trading session at $12.55.
Its trailing-12-month CAPEX/Sales and trailing-12-month CFO of 1.25% and 13.95 million are 54.7% and 94.1% lower than the industry averages of 2.77% and 235.62 million, respectively.
In the fiscal second quarter that ended June 30, 2024, RDFN's revenue stood at $295.20 million. Moreover, its net loss increased 1.5% year-over-year to $27.88 million, and net loss per share stood at $0.23.
Analysts expect RDFN's revenue for the third quarter (ended September 2024) to increase 4.4% year-over-year to $280.72 million. However, the company's loss per share for the same quarter is expected to grow 19.2% year-over-year to $0.20.
RDFN's bleak fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall D rating, equating to a Sell in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
The stock has an F grade for Stability and a D for Value. Within the <a href="https://stocknews.com/category/real-estate-services/">Real Estate Services</a> industry, RDFN is ranked #39 out of 46 stocks.
In addition to the POWR Ratings I've just highlighted, you can see RDFN's ratings for Growth, Momentum, Quality, and Sentiment <a href="https://stocknews.com/stock/RDFN/">here</a>.
The Case for Colliers International Group Inc. Stock
Valued at $7.81 billion by market cap, Colliers International Group Inc. (<a href="https://stocknews.com/stock/CIGI/">CIGI</a>) provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company is headquartered in Toronto, Canada.
CIGI's stock has gained 42% over the past three months to close the last trading session at $152.08.
Its trailing-12-month asset turnover ratio and trailing-12-month cash per share of 0.81x and 3.23 are 54.7% and 515.4% higher than the industry averages of 0.13x and 235.62 million, respectively.
For the second quarter that ended June 30, 2024, CIGI's revenues increased 5.7% year-over-year to $1.14 billion. Its adjusted EBITDA grew 5.8% year-over-year to $155.60 billion. Its adjusted EPS increased 3.8% year-over-year to $1.36.
Street expects CIGI's revenue for the third quarter ended September 2024 to increase 11.4% year-over-year to $1.18 billion. Its EPS is expected to increase 30% year-over-year to $1.55. Moreover, the company has surpassed revenue estimates in three of the trailing four quarters.
CIGI's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
CIGI has an A grade for Growth and a B for Stability. It is ranked #5 in the same industry.
<a href="https://stocknews.com/stock/CIGI/">Click here</a> for the additional POWR Ratings for CIGI (Value, Quality, Sentiment, and Momentum).
Redfin (RDFN) vs. Colliers International (CIGI): Which Real Estate Stock is a Better Buy as Earnings Approach?
The growth of real estate services industry is driven by rising demand for property management, investment advisory, and brokerage due to increasing urbanization and commercial expansion. Additionally, technological advancements streamline operations, improving efficiency and client engagement.
Leading real estate companies, such as RDFN and CIGI, stand to capitalize on bright industry growth prospects. However, CIGI's higher profitability and promising near-term outlook favor it as the better real estate stock pick.
Our research shows that the odds of success increase when one invests in stocks with an Overall Rating of Strong Buy or Buy. View all the top-rated stocks in the Real Estate Services industry <a href="https://stocknews.com/category/real-estate-services/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
CIGI shares were unchanged in premarket trading Wednesday. Year-to-date, CIGI has gained 20.37%, versus a 20.76% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/cigi-rdfn-redfin-rdfn-vs-colliers-international-cigi-which-real-estate-stock/>Redfin (RDFN) vs. Colliers International (CIGI): Which Real Estate Stock is a Better Buy as Earnings Approach?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Redfin (RDFN) vs. Colliers International (CIGI): Which Real Estate Stock is a Better Buy as Earnings Approach?

Warning: RDFN is at high risk of performing badly

With the Fed's recent interest-rate cut heralding a decline in mortgage rates, homebuying demand is starting to bounce back, according to the lates...

Redfin (RDFN) Posts Drop-Off in Revenue, but Real Estate Is Bouncing Back

Analysts have been eager to weigh in on the Real Estate sector with new ratings on W. P. Carey Inc. (WPC – Research Report) and Redfin (RDFN – Rese...

Analysts Offer Insights on Real Estate Companies: W. P. Carey Inc. (WPC) and Redfin (RDFN)

Pending home sales rise by most since 2021 as buyers come off the sidelines: Redfin

A look at real estate stocks after housing inflation moderates, mortgages rise

Jefferies analyst John Colantuoni raised the firm's price target on Redfin (RDFN) (RDFN0 to $11.50 from $7.50 and keeps a Hold rating on the shares...

Redfin price target raised to $11.50 from $7.50 at Jefferies

Jefferies analyst John Colantuoni maintained a Hold rating on Redfin (RDFN – Research Report) today and set a price target of $11.50. The company's...

Redfin (RDFN) Receives a Hold from Jefferies

Real estate stocks fail to catch fire despite Trump's election victory

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Press Releases

Redfin to Announce Third-Quarter 2024 Results on November 7, 2024

Property Taxes Have Surged Nearly 60% in Tampa and Jacksonville Since 2019, Exacerbating Florida's Housing Affordability Crisis

Homebuyers Lose $33,000 in Purchasing Power in 6 Weeks As Mortgage Rates Hit 7%

Young Homeowners Are Much More Likely Than Young Renters to Say They're Financially Better Off Than 4 Years Ago

Redfin Reports Roughly One-Third of Renters Have an Apartment That Costs Less Than $1,000 a Month—the Lowest Share on Record

Redfin Reports Housing Market Stays Surprisingly Active As Election Looms and Mortgage Rates Hit 7%

Real Estate Agent Commissions Hold Steady Since New Industry Rules Were Implemented, Redfin Reports

Redfin Reports 28% of Houses For Sale Are Newly Built, the Lowest Share in 3 Years

Redfin Survey: 38% of People Who Already Voted Say Housing Affordability Impacted Their Presidential Pick

Redfin Reports The Number of Renter Households Is Growing Three Times Faster Than Homeowner Households

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