Offerpad Solutions (NYSE:OPAD) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:10 PM.
Here’s what investors need to know about the announcement.
Earnings
Offerpad Solutions beat estimated earnings by 26.09%, reporting an EPS of $-0.17 versus an estimate of $-0.23.
Revenue was down $767.42 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.25 which was followed by a 6.12% drop in the share price the next day.
Here’s a look at Offerpad Solutions’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.25 | -0.13 | 0.06 | 0.04 |
| EPS Actual | -0.50 | -0.33 | 0 | 0.14 |
| Revenue Estimate | 547.76M | 782.82M | 1.15B | 1.14B |
| Revenue Actual | 677.21M | 821.73M | 1.08B | 1.38B |
To track all earnings releases for Offerpad Solutions visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
