Offerpad Solutions (OPAD) to Release Quarterly Earnings on Monday

Offerpad Solutions (NYSE:OPAD) is set to release its earnings data after the market closes on Monday, May 6th. Analysts expect Offerpad Solutions to post 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 announced its quarterly earnings data on Monday, February 26th. The company reported ($0.57) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $240.46 million during the quarter, compared to analysts’ expectations of $256.60 million. During the same period in the prior year, the firm earned ($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 Trading Down 2.4 %

OPAD stock opened at $7.40 on Friday. The stock has a 50-day moving average price of $7.84 and a two-hundred 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. The company has a market cap of $201.87 million, a PE ratio of -1.59 and a beta of 2.01.

Analyst Upgrades and Downgrades

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