Offerpad Solutions Q2 2024 Adj. EPS $(0.50) Misses $(0.38) Estimate, Sales $251.122M Miss $283.572M Estimate
Portfolio Pulse from Benzinga Newsdesk
Offerpad Solutions (NYSE:OPAD) reported Q2 2024 adjusted EPS of $(0.50), missing the $(0.38) estimate by 31.58%. Sales were $251.122M, missing the $283.572M estimate by 11.44%, but up 9.11% from last year's $230.147M.
August 05, 2024 | 8:43 pm
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Offerpad Solutions reported Q2 2024 adjusted EPS of $(0.50), missing the $(0.38) estimate by 31.58%. Sales were $251.122M, missing the $283.572M estimate by 11.44%, but up 9.11% from last year's $230.147M.
The significant miss on both EPS and sales estimates is likely to negatively impact OPAD's stock price in the short term. Despite the year-over-year sales increase, the market is expected to react unfavorably to the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100