Technology real estate company Offerpad (NYSE: OPAD) will be announcing earnings results this Monday after market hours. Here’s what you need to know.
Offerpad missed analysts’ revenue expectations by 9.6% last quarter, reporting revenues of $160.3 million, down 36.2% year on year. It was a softer quarter for the company, with a miss of analysts’ homes sold estimates and revenue guidance for next quarter missing analysts’ expectations significantly. It reported 452 homes sold, down 39.1% year on year.
Is Offerpad a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Offerpad’s revenue to decline 32.8% year on year to $139.8 million, a further deceleration from the 11.2% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.26 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Offerpad has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Offerpad’s peers in the real estate services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. The Real Brokerage delivered year-on-year revenue growth of 52.6%, beating analysts’ expectations by 6.5%, and CBRE reported revenues up 13.5%, topping estimates by 2.1%. The Real Brokerage traded up 3.9% following the results while CBRE’s stock price was unchanged.
Read our full analysis of The Real Brokerage’s results here and CBRE’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the real estate services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.6% on average over the last month. Offerpad is down 42.3% during the same time and is heading into earnings with an average analyst price target of $1.18 (compared to the current share price of $2.31).
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