Offerpad Solutions Inc. (OPAD) Reports Q3 Loss, Tops Revenue Estimates

分组1 - Offerpad Solutions Inc. reported a quarterly loss of $0.49 per share, which was worse than the Zacks Consensus Estimate of a loss of$0.44, but an improvement from a loss of $0.73 per share a year ago, indicating an earnings surprise of -11.36$208.07 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.41%, although this represents a decline from year-ago revenues of $234.23 million [2] - Offerpad Solutions shares have declined approximately 69.6% year-to-date, contrasting with the S&P 500's gain of 20.1% [3] 分组2 - The earnings outlook for Offerpad Solutions is mixed, with the current consensus EPS estimate for the upcoming quarter at -$0.43 on revenues of$207.78 million, and -$2.01 on revenues of$949.44 million for the current fiscal year [7] - The Real Estate - Operations industry, to which Offerpad belongs, is currently ranked in the top 38% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Another company in the same industry, Redfin, is expected to report a quarterly loss of $0.20 per share, with revenues projected to be$280.21 million, reflecting a year-over-year increase of 4.2% [9]