Stock Analysis
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- NasdaqGS:OPEN
Opendoor Technologies Second Quarter 2024 Earnings: Beats Expectations
Opendoor Technologies (NASDAQ:OPEN) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$1.51b (down 24% from 2Q 2023).
- Net loss: US$92.0m (down from US$23.0m profit in 2Q 2023).
- US$0.13 loss per share (down from US$0.036 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Opendoor Technologies Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in the US.
Performance of the American Real Estate industry.
The company's shares are down 27% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 4 warning signs for Opendoor Technologies you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NasdaqGS:OPEN
Opendoor Technologies
Operates a digital platform for residential real estate transactions in the United States.