Opendoor Technologies Inc reports results for the quarter ended March 31 - Earnings Summary

• Opendoor Technologies Inc OPEN.OQ reported a quarterly adjusted loss of 9 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -12 cents. The mean expectation of ten analysts for the quarter was for a loss of 10 cents per share. Wall Street expected results to range from -12 cents to -9 cents per share.

• Revenue fell 2.4% to $1.15 billion from a year ago; analysts expected $1.06 billion.

• Opendoor Technologies Inc's reported EPS for the quarter was a loss of 12 cents​.

• The company reported a quarterly loss of $85 million.

• Opendoor Technologies Inc shares had fallen by 27.5% this quarter and lost 53.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 19.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 7 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the real estate services peer group is also "hold"

• Wall Street's median 12-month price target for Opendoor Technologies Inc is $1.35

This summary was machine generated from LSEG data May 6 at 09:52 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)