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

Offerpad Solutions (NYSE:OPAD) will issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.44) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Offerpad Solutions (NYSE:OPAD) last released its earnings results on Monday, February 26th. The company reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.42) by ($0.15). Offerpad Solutions had a negative net margin of 8.92% and a negative return on equity of 93.45%. The firm had revenue of $240.46 million during the quarter, compared to the consensus estimate of $256.60 million. During the same quarter in the previous year, the firm posted ($7.35) EPS. 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 fifty day moving average price of $7.84 and a two-hundred day moving average price of $8.69. The stock has a market cap of $201.87 million, a price-to-earnings ratio of -1.59 and a beta of 2.01. Offerpad Solutions has a one year low of $6.00 and a one year high of $15.19.

Analysts Set New Price Targets

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

Offerpad Solutions Company Profile

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.