Reflecting On Real Estate Services Stocks' Q1 Earnings: Opendoor (NASDAQ:OPEN) [Yahoo! Finance]
Opendoor Technologies Inc (OPEN)
Company Research
Source: Yahoo! Finance
Today we are looking at Opendoor (NASDAQ:OPEN) and the best and worst performers in the real estate services industry. Technology has been a double-edged sword in real estate services. On the one hand, internet listings are effective at disseminating information far and wide, casting a wide net for buyers and sellers to increase the chances of transactions. On the other hand, digitization in the real estate market could potentially disintermediate key players like agents who use information asymmetries to their advantage. The 14 real estate services stocks we track reported a mixed Q1; on average, revenues beat analyst consensus estimates by 4.2%. while next quarter's revenue guidance was 4% below consensus. Inflation progressed towards the Fed's 2% goal at the end of 2023, leading to strong stock market performance. The start of 2024 has been a bumpier ride, as the market switches between optimism and pessimism around rate cuts due to mixed inflation data, and real estate service
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News
- ‘Emotional attachment' may prolong seniors' moving timelines: Opendoor [Yahoo! Finance]Yahoo! Finance
- Why Opendoor, Home Depot, and NVR, Inc. Rallied Today [Yahoo! Finance]Yahoo! Finance
- Offerpad and Realtor.com team up to make cash offers available to portal users [Yahoo! Finance]Yahoo! Finance
- Bing Chen: Hype man for Asian Hollywood [Los Angeles Times (CA)]Los Angeles Times
- 3 design mistakes you're making in each room of your house [Business Insider]Business Insider
OPEN
Earnings
- 5/2/24 - Beat
OPEN
Sec Filings
- 6/20/24 - Form 4
- 6/18/24 - Form 4
- 6/18/24 - Form 4
- OPEN's page on the SEC website