Opendoor Technologies Inc reports results for the quarter ended in January - Earnings Summary

Opendoor Technologies

03/05/2024 17:04

* Opendoor Technologies Inc  OPEN.OQ  reported a quarterly
adjusted loss of 12 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of -64 cents.  The mean expectation of
eleven analysts for the quarter was for a loss of 16 cents per
share. Wall Street expected results to range from -22 cents
to -11 cents per share.
    * Revenue fell 62.1% to $1.18 billion from a year ago;
analysts
expected $1.09 billion. 
    * Opendoor Technologies Inc's reported EPS for the quarter
was a
loss of 16 cents​.
    * The company reported a quarterly loss of $109 million.
    * Opendoor Technologies Inc shares had fallen by 33.0% this
quarter and lost 54.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 8
"hold" and 2 "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 Opendoor
Technologies Inc is $3.05 
This summary was machine generated from LSEG data May 3 at 04:04
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
 Mar. 31 2024      -0.16          -0.12          Beat
 Dec. 31 2023      -0.19          -0.14          Beat
 Sep. 30 2023      -0.15          -0.11          Beat
 Jun. 30 2023      -0.38          -0.30          Beat