Offerpad Solutions Inc. Class A Common Stock (OPAD)
2.3412
+0.0012 (0.05%)
Offerpad Solutions Inc is a technology-driven real estate company that simplifies the home buying and selling process
The company provides a platform for homeowners to easily sell their properties quickly and conveniently, often with a streamlined cash offer process. By leveraging data and technology, Offerpad enhances the customer experience in real estate transactions, making it easier for buyers to discover homes that meet their needs. With services that include home financing and renovations, Offerpad aims to provide a comprehensive solution in the residential real estate market.
Offerpad has gotten torched over the last six months - since July 2024, its stock price has dropped 36% to $2.95 per share. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
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As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at real estate services stocks, starting with Offerpad (NYSEOPAD).
Technology real estate company Offerpad (NYSEOPAD) beat Wall Street’s revenue expectations in Q3 CY2024, but sales fell 11.2% year on year to $208.1 million. On the other hand, next quarter’s revenue guidance of $172.5 million was less impressive, coming in 19.6% below analysts’ estimates. Its GAAP loss of $0.49 per share was 11.3% below analysts’ consensus estimates.
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