Offerpad Solutions Inc reports results for the quarter ended September 30 - Earnings Summary

• Offerpad Solutions Inc OPAD.N reported a quarterly adjusted loss of 37 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -49 cents. The mean expectation of four analysts for the quarter was for a loss of 33 cents per share. Wall Street expected results to range from -39 cents to -29 cents per share.

• Revenue fell 36.2% to $132.68 million from a year ago; analysts expected $173.01 million.

• Offerpad Solutions Inc's reported EPS for the quarter was a loss of 37 cents​.

• The company reported a quarterly loss of $11.6 million.

• Offerpad Solutions Inc shares had fallen by 44.8% this quarter and lost 19.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.2% 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 no "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the real estate services peer group is "buy."

• Wall Street's median 12-month price target for Offerpad Solutions Inc is $1.15, about 100% below its last closing price of $2.30

This summary was machine generated from LSEG data November 4 at 03:15 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)