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

Offerpad Solutions

03/05/2023 23:19

* Offerpad Solutions Inc  OPAD.N  reported a quarterly
adjusted
loss of 17 cents​​ per share for the quarter ended in March. The
mean expectation of seven analysts for the quarter was for a
loss of 23 cents per share.
    * Revenue fell 55.6% to $609.58 million from a year ago;
analysts
expected $510.35 million. 
    * Offerpad Solutions Inc's reported EPS for the quarter was
a loss
of 17 cents​.
    * The mean earnings estimate of analysts had fallen by
about 122.7% in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Offerpad Solutions Inc shares had fallen by 16.4% this
quarter and lost 4.3% so far this year.
    * The company reported a quarterly loss of $59.45 million.
    * Wall Street's median 12-month price target for Offerpad
Solutions Inc is $0.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
3 at 10:19 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.23          -0.17          Beat
 Dec. 31 2022      -0.25          -0.49          Missed
 Sep. 30 2022      -0.13          -0.32          Missed
 Jun. 30 2022      0.06           0.00           Missed