Offerpad Solutions (NYSE:OPAD) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$208.1m (down 11% from 3Q 2023).

• Net loss: US$13.5m (loss narrowed by 32% from 3Q 2023).

• US$0.49 loss per share (improved from US$0.73 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Offerpad Solutions Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in the US.

Performance of the American Real Estate industry.

The company's shares are up 3.9% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Offerpad Solutions you should be aware of.

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