Offerpad Solutions Inc reports results for the quarter ended in September 30 - Earnings Summary

Offerpad Solutions

05/11/2024 07:52

* Offerpad Solutions Inc  OPAD.N  reported a quarterly
adjusted
loss of 49 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -73 cents.  The mean expectation of
four analysts for the quarter was for a loss of 44 cents per
share. Wall Street expected results to range from -48 cents
to -41 cents per share.
    * Revenue fell 11.2% to $208.07 million from a year ago;
analysts
expected $204.60 million. 
    * Offerpad Solutions Inc's reported EPS for the quarter was
a loss
of 49 cents​.
    * The company reported a quarterly loss of $13.54 million.
    * Offerpad Solutions Inc shares had fallen by 19.5% this
quarter and lost 68.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6% 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," 4
"hold" and no "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 $4.38 
This summary was machine generated from LSEG data November 5 at
07:52 a.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
 Sep. 30 2024      -0.44          -0.49          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