Opendoor Technologies Inc. (OPEN) Reports Q1 Loss, Tops Revenue Estimates

Company Performance - Opendoor Technologies Inc. reported a quarterly loss of $0.09 per share, better than the Zacks Consensus Estimate of a loss of $0.11, and an improvement from a loss of $0.12 per share a year ago, representing an earnings surprise of 18.18% [1] - The company posted revenues of $1.15 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 8.48%, although this is a decrease from year-ago revenues of $1.18 billion [2] - Over the last four quarters, Opendoor has exceeded consensus EPS estimates four times and has also topped consensus revenue estimates four times [2] Stock Performance and Outlook - Opendoor Technologies shares have declined approximately 53.8% since the beginning of the year, contrasting with the S&P 500's decline of 3.9% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.08 on revenues of $1.39 billion, and for the current fiscal year, it is -$0.31 on revenues of $5.56 billion [7] Industry Context - The Internet - Software industry, to which Opendoor belongs, is currently ranked in the top 35% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]