Offerpad Solutions Inc reports results for the quarter ended in December - Earnings Summary

Offerpad Solutions

26/02/2024 22:38

* Offerpad Solutions Inc  OPAD.N  reported a quarterly
adjusted
loss of 57 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of $-7.35.  The mean expectation of four analysts
for the quarter was for a loss of 47 cents per share. Wall
Street expected results to range from -55 cents to -36 cents per
share.
    * Revenue fell 64.5% to $240.46 million from a year ago;
analysts
expected $249.64 million. 
    * Offerpad Solutions Inc's reported EPS for the quarter was
a loss
of 57 cents​.
    * The company reported a quarterly loss of $15.44 million.
    * Offerpad Solutions Inc shares had fallen by 8.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the real estate
services peer group is also "hold"

Wall Street's median 12-month price target for Offerpad
Solutions Inc is $9.50 
This summary was machine generated from LSEG data February 26 at
10:37 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.47          -0.57          Missed
 Sep. 30 2023      -0.67          -0.73          Missed
 Jun. 30 2023      -1.43          -0.82          Beat
 Mar. 31 2023      -3.41          -2.55          Beat