Opendoor Technologies Inc expected to post a loss of 14 cents a share - Earnings Preview

Opendoor Technologies

25/02/2025 21:29

Opendoor Technologies Inc OPEN.OQ OPEN.O is expected to show a rise in quarterly revenue when it reports  results on February 27 for the period ending December 31 2024

The Tempe Arizona-based  company is expected to report a 11.7% increase in revenue to $971.482 million from $870 million a year ago, according to the mean estimate from 9 analysts, based on LSEG data.The company's guidance on November 7 2024, for the period ended December 31, was for revenue between $925.00 million and $975.00 million.

​LSEG's mean analyst estimate for Opendoor Technologies Inc is for a loss of 14 cents per share.

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 7 "hold" and 2 "sell" or "strong sell."

The mean earnings estimate of analysts was unchanged in the last three months. ​

Wall Street's median 12-month price target for Opendoor Technologies Inc is $1.80​, above​ its last closing price of $1.41. ​​​

The company's guidance on November 7 2024 for the period ended December 31 was for Earnings before Interest, Taxes, Depreciation and Amortization of between 925 million and -60 million (USD).

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING
STARMINESMARTESTIMATE®
LSEG IBES ESTIMATE
ACTUAL
BEAT, MET, MISSED
SURPRISE %
Sep. 30 2024
-0.13
-0.13
-0.10
Beat
23.5
Jun. 30 2024
-0.10
-0.09
-0.04
Beat
56.5
Mar. 31 2024
-0.16
-0.16
-0.12
Beat
23.6​
Dec. 31 2023
-0.18
-0.19
-0.14
Beat
24.5
​​Sep. 30 2023
-0.15
-0.15
-0.11
Beat
26.8
Jun. 30 2023
-0.38
-0.38
-0.30
Beat
20.9​
Mar. 31 2023
-0.72
-0.66
-0.64
Beat
2.9
Dec. 31 2022
-0.70
-0.73
-0.51
Beat
30.4

This summary was machine generated February 25 at 21:29 GMT.  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)