Opendoor earnings

Opendoor Technologies Inc. At this time, all participants are in a listen-only mode.

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Opendoor earnings

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A week after Zillow announced its sudden departure from the home-buying market, rival Opendoor reported third-quarter results that topped estimates and issued an optimistic forecast for the rest of the year, sending the stock soaring in extended trading. Founded in , Opendoor pioneered the instant-buying, or iBuying, home market by allowing homeowners to sell their home for cash without listing it on the market and dealing with a lengthy bidding and closing process. The company went public in December through a special purpose acquisition company. Zillow started testing the iBuying market in and jumped in big two years later, when it began buying and selling in Southern California. The business worked initially, but hit major snags this year as massive swings in home prices undermined Zillow's predictive models and ultimately left the company spending more on properties than it could make selling them. The stock has lost over two-thirds of its value since peaking in mid-February. In an interview after Opendoor's report on Wednesday, finance chief Carrie Wheeler said the company has built its technology to ensure it can manage through unpredictable market events.

Opendoor earnings

Opendoor Technologies Inc. OPEN is scheduled to report its fourth-quarter results on Feb 15, after the closing bell. The company has an impressive earnings surprise history. The consensus estimate for the bottom line in the to-be-reported quarter is pegged at a loss of 18 cents per share, narrower than the year-ago reported loss of 74 cents per share. Cost structure and pricing improvements are likely to have benefited the company. Our proven model does not conclusively predict an earnings beat for OPEN this time around. Here are a few stocks from the broader Business Services sector, which according to our model, have the right combination of elements to beat on earnings this season. WCN beat the consensus estimate in three of the past four quarters and missed on one instance, with an average surprise of

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ChatGPT Stocks. Carrie Wheeler: Good afternoon. See the change in forecast and EPS from the previous year. Home Stocks Stocks. We're acting on lessons we've learned in recent years and taking a prudent approach to balancing growth and profitability, while also operating within our risk management frameworks. Neither Zacks Investment Research, Inc. Inflation Rate. About Us. Auto Loan Calculator. Options Profit Calculator. Our fourth quarter results came in above the high-end of our outlook across the board as we continued to increase acquisition volumes, while driving margin and cost improvement. Compare Stocks. Dividend Aristocrats. We've emerged smarter, leaner, and energized.

Nasdaq: OPEN , a leading digital platform for residential real estate transactions, today reported financial results for its quarter ended March 31,

At this time, all participants are in a listen-only mode. The sequential increase was expected as we continued to rebuild inventory in the fourth quarter. Bitcoin Popular. As we begin , we are focused on rescaling our business in a sustainable fashion. Before we start, I would like to remind you that the following discussion contains forward-looking statements within the meaning of the federal securities laws. Penny Stock Screener. We continued to make progress on selling through our old book of inventory and had less than 75 of these homes not in resale contract as of year-end. We use cookies to understand how you use our site and to improve your experience. Our new book of inventory generated a contribution margin of 8. Top Financial Bloggers. Top Insiders Stocks. See more Zacks Equity Research reports. Economic Indicators. Due to inactivity, you will be signed out in approximately:.