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

Offerpad Solutions

02/08/2023 14:33

* Offerpad Solutions Inc  OPAD.N  reported a quarterly
adjusted
loss of 82 cents​​ per share for the quarter ended in June. The
mean expectation of five analysts for the quarter was for a loss
of $1.43 per share.
    * Revenue fell 78.7% to $230.15 million from a year ago;
analysts
expected $181.79 million. 
    * Offerpad Solutions Inc's reported EPS for the quarter was
a loss
of 82 cents​.
    * The mean earnings estimate of analysts had risen by
about 3.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Offerpad Solutions Inc shares had fallen by 8.8% this
quarter and gained 71.1% so far this year.
    * The company reported a quarterly loss of $22.34 million.
    * Wall Street's median 12-month price target for Offerpad
Solutions Inc is $8.25 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -1.43          -0.82          Beat
 Mar. 31 2023      -3.41          -2.55          Beat
 Dec. 31 2022      -3.81          -7.35          Missed
 Sep. 30 2022      -2.00          -4.80          Missed