Downgrade: Here's How Analysts See Offerpad Solutions Inc. (NYSE:OPAD) Performing In The Near Term [Yahoo! Finance]
Offerpad Solutions Inc. Class A (OPAD)
Company Research
Source: Yahoo! Finance
to their near-term (statutory) forecasts for the organization. Both revenue and earnings per share (EPS) forecasts went under the knife, suggesting analysts have soured majorly on the business. Following this downgrade, Offerpad Solutions' five analysts are forecasting 2024 revenues to be US$995m, approximately in line with the last 12 months. Losses are expected to be contained, narrowing 19% per share from last year to US$1.98 per share. Yet before this consensus update, the analysts had been forecasting revenues of US$1.2b and losses of US$1.71 per share in 2024. Ergo, there's been a clear change in sentiment, with the analysts administering a notable cut to this year's revenue estimates, while at the same time increasing their loss per share forecasts. View our latest analysis for Offerpad Solutions The consensus price target fell 27% to US$4.94, with the analysts clearly concerned about the company following the weaker revenue and earnings outlook. Another way we can view
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OPAD
News
- Offerpad Announces Participation in the Goldman Sachs Communacopia + Technology ConferenceBusiness Wire
- 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
- Offerpad Solutions Inc. (NYSE: OPAD) had its price target lowered by analysts at JMP Securities from $9.00 to $5.50. They now have a "market outperform" rating on the stock.MarketBeat
- Offerpad Solutions Inc. (NYSE: OPAD) was upgraded by analysts at Keefe, Bruyette & Woods from an "underperform" rating to a "market perform" rating.MarketBeat
- Offerpad Solutions, Inc. (OPAD) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
OPAD
Earnings
- 8/5/24 - Miss
OPAD
Sec Filings
- 9/5/24 - Form 4
- 8/5/24 - Form 10-Q
- 8/5/24 - Form 8-K
- OPAD's page on the SEC website