Offerpad Solutions (NYSE:OPAD) Posts Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Offerpad Solutions (NYSE:OPAD) posted its quarterly earnings data on Monday. The company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.15), Zacks reports. Offerpad Solutions had a negative return on equity of 72.88% and a negative net margin of 6.12%. The company had revenue of $174.27 million for the quarter, compared to analysts’ expectations of $174.24 million. Offerpad Solutions updated its Q1 2025 guidance to EPS.

Offerpad Solutions Trading Down 3.2 %

Shares of NYSE OPAD opened at $2.13 on Wednesday. The business’s fifty day simple moving average is $2.63 and its 200-day simple moving average is $3.32. Offerpad Solutions has a 12-month low of $1.97 and a 12-month high of $9.30. The stock has a market cap of $58.31 million, a P/E ratio of -0.98 and a beta of 2.22.

Wall Street Analyst Weigh In

A number of research analysts have commented on OPAD shares. Keefe, Bruyette & Woods decreased their price target on Offerpad Solutions from $3.15 to $2.25 and set a “market perform” rating on the stock in a research note on Wednesday. JMP Securities reissued a “market outperform” rating and set a $4.50 target price on shares of Offerpad Solutions in a research note on Monday, December 16th. Finally, The Goldman Sachs Group dropped their target price on Offerpad Solutions from $5.00 to $2.00 and set a “neutral” rating for the company in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $4.15.

About Offerpad Solutions

Offerpad Solutions Inc, together with its subsidiaries, provides technology-enabled solutions for residential real estate market in the United States. It operates iBuying, a real estate solutions platform for on-demand customer that provides home buyers the opportunity to browse and tour homes online.