* Opendoor Technologies Inc 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
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