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

Opendoor Technologies

01/08/2024 23:37

* Opendoor Technologies Inc  OPEN.OQ  reported a quarterly
adjusted loss of 4 cents​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of -30 cents.  The mean expectation of
eleven analysts for the quarter was for a loss of 11 cents per
share. Wall Street expected results to range from -17 cents
to -8 cents per share.
    * Revenue fell 23.5% to $1.51 billion from a year ago;
analysts
expected $1.47 billion. 
    * Opendoor Technologies Inc's reported EPS for the quarter
was a
loss of 13 cents​.
    * The company reported a quarterly loss of $92 million.
    * Opendoor Technologies Inc shares had risen by 26.1% this
quarter and lost 48.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 13.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $2.50 
This summary was machine generated from LSEG data August 1 at
10:37 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
 Jun. 30 2024      -0.11          -0.04          Beat
 Mar. 31 2024      -0.16          -0.12          Beat
 Dec. 31 2023      -0.19          -0.14          Beat
 Sep. 30 2023      -0.15          -0.11          Beat