Offerpad Solutions Second Quarter 2024 Earnings: Misses Expectations

Offerpad Solutions (NYSE:OPAD) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$251.1m (up 9.1% from 2Q 2023).
• Net loss: US$13.8m (loss narrowed by 38% from 2Q 2023).
• US$0.50 loss per share (improved from US$0.82 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Offerpad Solutions Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 31%.

Looking ahead, revenue is forecast to grow 16% 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 25% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Offerpad Solutions.

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