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

Offerpad Solutions

05/08/2024 22:32

* Offerpad Solutions Inc  OPAD.N  reported a quarterly
adjusted
loss of 50 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -82 cents.  The mean expectation of
four analysts for the quarter was for a loss of 38 cents per
share. Wall Street expected results to range from -42 cents
to -35 cents per share.
    * Revenue rose 9.1% to $251.12 million from a year ago;
analysts
expected $283.57 million. 
    * Offerpad Solutions Inc's reported EPS for the quarter was
a loss
of 50 cents​.
    * The company reported a quarterly loss of $13.78 million.
    * Offerpad Solutions Inc shares had fallen by 9.5% this
quarter and lost 61.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 34.5%
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 $6.00 
This summary was machine generated from LSEG data August 5 at
09:32 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
 Jun. 30 2024      -0.38          -0.50          Missed
 Mar. 31 2024      -0.46          -0.64          Missed
 Dec. 31 2023      -0.47          -0.57          Missed
 Sep. 30 2023      -0.67          -0.73          Missed