Opendoor Technologies (NASDAQ:OPEN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.38b (up 41% from 3Q 2023).
• Net loss: US$78.0m (loss narrowed by 26% from 3Q 2023).
• US$0.11 loss per share (improved from US$0.16 loss in 3Q 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 8.3%. Earnings per share (EPS) also surpassed analyst estimates by 40%.

Looking ahead, revenue is forecast to grow 19% 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 1.6% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 5 warning signs for Opendoor Technologies that you need to be mindful of.

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