Offerpad Solutions (OPAD) to Release 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 are interested in registering for the company’s conference call can do so using this link.

Offerpad Solutions (NYSE:OPAD) last posted its quarterly earnings data 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 analyst estimates of $256.60 million. During the same period in the prior year, the company 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 Stock Up 2.1 %

Shares of OPAD opened at $8.29 on Monday. Offerpad Solutions has a 52-week low of $6.00 and a 52-week high of $15.19. The stock has a market cap of $226.15 million, a PE ratio of -1.78 and a beta of 2.07. The firm’s fifty day moving average is $8.00 and its two-hundred day moving average is $8.74.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Offerpad Solutions from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. JMP Securities restated a “market outperform” rating and issued a $12.00 price target on shares of Offerpad Solutions in a research report on Friday, April 12th. Finally, The Goldman Sachs Group cut their price target on Offerpad Solutions from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, February 27th. Three research 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 a consensus rating of “Hold” and an average 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.