Offerpad Solutions Inc expected to post a loss of 46 cents a share - Earnings Preview

Offerpad Solutions

03/05/2024 13:28

* Offerpad Solutions Inc  OPAD.N   OPAD.K  is expected
to show a
fall in quarterly revenue when it reports  results on May 6 for
the period ending March 31 2024
    * The Chandler Arizona-based  company is expected to report
a
55.7% decrease in revenue to $270.185 million from $609.58
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Offerpad Solutions Inc
is for
a loss of 46 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Offerpad
Solutions Inc is $7.75​, above​ its last closing price of $7.58.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.47       -0.47      -0.57     Missed  -21.9
 Sep. 30 2023  -0.67       -0.67      -0.73     Missed  -9.6
 Jun. 30 2023  -1.40       -1.43      -0.82     Beat    42.6​
 Mar. 31 2023  -3.40       -3.41      -2.55     Beat    25.2
 ​​Dec.        -3.82       -3.81      -7.35     Missed  -92.9
 31 2022                                                
 Sep. 30 2022  -2.04       -2.00      -4.80     Missed  -140​
 Jun. 30 2022  0.95        0.94       0.00      Missed  -100
 Mar. 31 2022  0.65        0.66       2.10      Beat    218.2
 This summary was machine generated May 3 at 12:28 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)