Offerpad Solutions Inc. (NYSE:OPAD) Analysts Just Slashed This Year's Estimates [Yahoo! Finance]
Offerpad Solutions Inc. Class A (OPAD)
Company Research
Source: Yahoo! Finance
Both revenue and earnings per share (EPS) forecasts went under the knife, suggesting the analysts have soured majorly on the business. Following the downgrade, the latest consensus from Offerpad Solutions' five analysts is for revenues of US$1.2b in 2024, which would reflect a meaningful 18% improvement in sales compared to the last 12 months. Losses are predicted to fall substantially, shrinking 38% to US$1.71 per share. However, before this estimates update, the consensus had been expecting revenues of US$1.3b and US$1.34 per share in losses. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a serious cut to their revenue forecasts while also expecting losses per share to increase. See our latest analysis for Offerpad Solutions The consensus price target fell 15% to US$7.30, with the analysts clearly concerned about the company following the weaker revenue and earnings outlook. Another way we can view these estimates is i
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OPAD
News
- Offerpad Solutions Inc. (NYSE: OPAD) had its price target lowered by analysts at Jefferies Financial Group Inc. from $3.50 to $3.00. They now have a "hold" rating on the stock.MarketBeat
- Offerpad to Release Third Quarter Results on November 4thBusiness Wire
- Offerpad Announces Participation in the Goldman Sachs Communacopia + Technology ConferenceBusiness Wire
- Downgrade: Here's How Analysts See Offerpad Solutions Inc. (NYSE:OPAD) Performing In The Near Term [Yahoo! Finance]Yahoo! Finance
- In the wake of Offerpad Solutions Inc.'s (NYSE:OPAD) latest US$17m market cap drop, institutional owners may be forced to take severe actions [Yahoo! Finance]Yahoo! Finance
OPAD
Earnings
- 8/5/24 - Miss
OPAD
Sec Filings
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- OPAD's page on the SEC website