OPEN to Report Q4 Earnings: What's in the Offing for the Stock?

Core Viewpoint - Opendoor Technologies Inc. is set to report its fourth-quarter 2024 results on February 27, with expectations of revenue growth and a potential loss narrower than the previous year [1][5]. Group 1: Earnings Expectations - The Zacks Consensus Estimate for Opendoor's revenues in Q4 2024 is $965 million, reflecting a year-over-year increase of 10.9% [3]. - The consensus mark for the company's loss this quarter is 14 cents per share, compared to a loss of 15 cents per share in the same quarter last year [5]. Group 2: Operational Insights - The company is expected to see an improvement in its contribution margin due to higher resale clearance and a slight reduction in concessions and buyer broker commissions [4]. - Adjusted operating expenses are anticipated to decrease due to lower advertising spend and reductions in both fixed and variable expenses [4]. Group 3: Earnings Prediction Model - The current model does not predict a definitive earnings beat for Opendoor, with an Earnings ESP of 0.00% and a Zacks Rank of 3 [6][7].