Offerpad Solutions Q2 Adj EPS $(0.84) Beats $(1.36) Estimate, Sales $230.15M Beat $188.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
Offerpad Solutions (NYSE:OPAD) reported Q2 adjusted losses of $(0.84) per share, beating the analyst consensus estimate of $(1.36) by 38.24%. The company also reported quarterly sales of $230.15 million, surpassing the analyst consensus estimate of $188.52 million by 22.08%. However, this represents a 78.69% decrease over sales of $1.08 billion in the same period last year.
August 04, 2023 | 11:13 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Offerpad Solutions reported better than expected Q2 earnings and sales, but a significant YoY decrease in sales.
While Offerpad Solutions beat Q2 earnings and sales estimates, the significant YoY decrease in sales could potentially offset the positive impact of the earnings beat. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100