Offerpad Solutions Q4 2023 Adj EPS $(0.56) Misses $(0.47) Estimate, Sales $240.46M Miss $249.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
Offerpad Solutions (NYSE:OPAD) reported Q4 2023 adjusted EPS of $(0.56), missing the $(0.47) estimate, with sales of $240.46M also missing the $249.64M estimate. This represents a 64.49% decrease in sales compared to the same period last year.
February 26, 2024 | 9:13 pm
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NEGATIVE IMPACT
Offerpad Solutions reported a significant miss in both adjusted EPS and sales for Q4 2023, with a notable year-over-year sales decrease.
The missed earnings and sales estimates, combined with a significant year-over-year decrease in sales, are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100