Yahoo Finance Opendoor Technologies First Quarter 2024 Earnings: Beats Expectations
Opendoor Technologies (NASDAQ:OPEN) First Quarter 2024 Results
Key Financial Results
Revenue: US$1.18b (down 62% from 1Q 2023).
Net loss: US$109.0m (loss widened by 7.9% from 1Q 2023).
US$0.16 loss per share (further deteriorated from US$0.16 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Opendoor Technologies Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) also surpassed analyst estimates by 24%.
Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in the US.
Performance of the American Real Estate industry.
The company's shares are up 3.3% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Opendoor Technologies that you should be aware of.
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