Offerpad Solutions (OPAD) Scheduled to Post Earnings on Monday

Offerpad Solutions (NYSE:OPAD) will issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of ($0.44) per share for the quarter. Offerpad Solutions has set its Q3 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Offerpad Solutions (NYSE:OPAD) last released its earnings results on Monday, August 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.10). The business had revenue of $251.12 million for the quarter, compared to analyst estimates of $290.00 million. Offerpad Solutions had a negative return on equity of 70.12% and a negative net margin of 6.60%. During the same quarter in the previous year, the firm posted ($0.84) EPS. On average, analysts expect Offerpad Solutions to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Offerpad Solutions Price Performance

OPAD opened at $3.12 on Friday. Offerpad Solutions has a 12 month low of $2.57 and a 12 month high of $11.22. The stock has a market capitalization of $85.11 million, a P/E ratio of -1.28 and a beta of 1.82. The business has a 50 day simple moving average of $3.60 and a 200-day simple moving average of $4.61.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on OPAD shares. JMP Securities reduced their target price on Offerpad Solutions from $9.00 to $5.50 and set a “market outperform” rating for the company in a report on Tuesday, August 6th. Jefferies Financial Group reduced their price objective on shares of Offerpad Solutions from $3.50 to $3.00 and set a “hold” rating for the company in a research note on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods upgraded shares of Offerpad Solutions from an “underperform” rating to a “market perform” rating and lowered their target price for the stock from $6.00 to $3.75 in a research report on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.45.

About Offerpad Solutions

Offerpad Solutions Inc, together with its subsidiaries, provides technology-enabled solutions for residential real estate market in the United States. It operates iBuying, a real estate solutions platform for on-demand customer that provides home buyers the opportunity to browse and tour homes online.