Opendoor Expects Q3 Revenue Of $950M-$1.0B, Consensus $1.36B
Portfolio Pulse from Benzinga Newsdesk
Opendoor has projected its Q3 revenue to be between $950 million and $1.0 billion, which is below the consensus estimate of $1.36 billion.
August 04, 2023 | 2:29 pm
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NEGATIVE IMPACT
Opendoor's lower than expected Q3 revenue forecast could negatively impact its stock price.
Opendoor's projected Q3 revenue is significantly lower than the consensus estimate. This could lead to a negative market reaction, potentially causing a drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100