Opendoor Technologies Inc. (OPEN) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Opendoor Technologies Inc. due to higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Company Summary - The upcoming earnings report for Opendoor Technologies is expected to show a quarterly loss of $0.14 per share, reflecting a year-over-year change of +6.7$964.95 million, up 10.9% from the previous year [3]. - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. - The Most Accurate Estimate for Opendoor is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +11.11%, suggesting a bullish outlook from analysts [10]. - Opendoor currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [11]. - Historically, Opendoor has beaten consensus EPS estimates in the last four quarters, with a notable surprise of +28.57% in the last reported quarter [12][13]. Industry Summary - In the Zacks Technology Services industry, Ivanhoe Electric is expected to report a loss of $0.24 per share, with a year-over-year change of +36.8$0.75 million, down 55.1% from the previous year [17]. - Ivanhoe Electric's consensus EPS estimate has remained unchanged over the last 30 days, but it has an Earnings ESP of 4.17%, combined with a Zacks Rank of 2, indicating a likelihood of beating the consensus EPS estimate [18].