Published on 16 Mar 2024 on Zacks via Yahoo Finance
Opendoor Technologies Inc. (OPEN) ended the recent trading session at $2.67, demonstrating a +1.52% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.65%. Meanwhile, the Dow experienced a drop of 0.49%, and the technology-dominated Nasdaq saw a decrease of 0.96%.
The company's stock has dropped by 21.49% in the past month, falling short of the Business Services sector's gain of 2.53% and the S&P 500's gain of 3.27%.
The investment community will be paying close attention to the earnings performance of Opendoor Technologies Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.17, reflecting a 73.44% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.08 billion, indicating a 65.31% decrease compared to the same quarter of the previous year.