![]() So, the shares are expected to perform in line with the market in the near future. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. ![]() Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Opendoor Technologies Inc. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? What's Next for Opendoor Technologies Inc. Shares have added about 15.5% since the beginning of the year versus the S&P 500's gain of 6.5%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has topped consensus revenue estimates four times over the last four quarters. This compares to year-ago revenues of $5.15 billion. , which belongs to the Zacks Technology Services industry, posted revenues of $3.12 billion for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 20.66%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. A quarter ago, it was expected that this company would post a loss of $0.72 per share when it actually produced a loss of $0.74, delivering a surprise of -2.78%. This quarterly report represents an earnings surprise of 9.86%. These figures are adjusted for non-recurring items. This compares to earnings of $0.15 per share a year ago. ( OPEN Quick Quote OPEN - Free Report) came out with a quarterly loss of $0.64 per share versus the Zacks Consensus Estimate of a loss of $0.71. ![]() ![]() Using logo makers, Webdrop will produce a stunning and memorable logo that will drive your clients to order your services.Opendoor Technologies Inc. The team creates a layout while taking into account the graphic design that you have chosen for your web page so that all elements are synchronized with each other. They pay much attention to developing the website's visual design. The team of specialists picks the most stylish themes, vibrant colors, and appropriate text size to make your Internet page aesthetically attractive. The Webdrop digital marketing agency ensures that your website will be convenient to use and easy to navigate. Besides, your Internet page should be search-engine-friendly and look great in different browsers. To ensure the natural growth of your business, the agency creates websites with a responsive design to generate more conversions. The company has a rich experience and uses professional web design software for providing professional web development services. Webdrop prefers using professional website builders for photographers for creating good-looking and modern websites from scratch.
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