Opendoor Technologies Inc reports results for the quarter - Earnings Summary

• Opendoor Technologies Inc OPEN.OQ reported a quarterly adjusted loss of 10 cents​​ per share for the quarter , higher than the same quarter last year, when the company reported EPS of -11 cents. The mean expectation of eleven analysts for the quarter was for a loss of 13 cents per share. Wall Street expected results to range from -14 cents to -12 cents per share.

• Revenue rose 40.5% to $1.38 billion from a year ago; analysts expected $1.27 billion.

• Opendoor Technologies Inc's reported EPS for the quarter was a loss of 11 cents​.

• The company reported a quarterly loss of $78 million.

• Opendoor Technologies Inc shares had fallen by 6.5% this quarter and lost 58.3% so far this year.

FORECAST CHANGES

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

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

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 $1.85

This summary was machine generated from LSEG data November 8 at 09:06 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)