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

Offerpad Solutions

02/11/2023 05:08

* Offerpad Solutions Inc  OPAD.N  reported a quarterly
adjusted
loss of 73 cents​​ per share for the quarter ended in September,
higher than the same quarter last year, when the company
reported EPS of $-4.80.  The mean expectation of five analysts
for the quarter was for a loss of 67 cents per share. Wall
Street expected results to range from -75 cents to -58 cents per
share.
    * Revenue fell 71.5% to $234.23 million from a year ago;
analysts
expected $238.75 million. 
    * Offerpad Solutions Inc's reported EPS for the quarter was
a loss
of 73 cents​.
    * The company reported a quarterly loss of $19.99 million.
    * Offerpad Solutions Inc shares had fallen by 18.5% this
quarter and gained 15.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 22% 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 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 $9.00 
This summary was machine generated from LSEG data November 2 at
05:08 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      -3.81          -7.35          Missed