Offerpad Solutions (OPAD) Set to Announce Quarterly Earnings on Monday

Offerpad Solutions (NYSE:OPAD) is scheduled to announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.44) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Offerpad Solutions (NYSE:OPAD) last announced its earnings results on Monday, February 26th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.15). The business had revenue of $240.46 million for the quarter, compared to analysts’ expectations of $256.60 million. Offerpad Solutions had a negative return on equity of 93.45% and a negative net margin of 8.92%. During the same quarter last year, the business posted ($7.35) earnings per share. On average, analysts expect Offerpad Solutions to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Offerpad Solutions Price Performance

OPAD stock opened at $7.40 on Friday. The company has a market cap of $201.87 million, a price-to-earnings ratio of -1.59 and a beta of 2.01. The company has a fifty day moving average price of $7.84 and a 200 day moving average price of $8.70. Offerpad Solutions has a 12 month low of $6.00 and a 12 month high of $15.19.

Analyst Upgrades and Downgrades

A number of research firms have commented on OPAD. JPMorgan Chase & Co. dropped their price objective on shares of Offerpad Solutions from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 27th. JMP Securities reaffirmed a “market outperform” rating and set a $12.00 price objective on shares of Offerpad Solutions in a research note on Friday, April 12th. Finally, The Goldman Sachs Group decreased their price objective on Offerpad Solutions from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.40.

About Offerpad Solutions

Offerpad Solutions Inc, together with its subsidiaries, provides technology-enabled solutions for residential real estate market in the United States. It operates iBuying, a real estate solutions platform for on-demand customer that provides home buyers the opportunity to browse and tour homes online.