We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Consensus Estimate for revenues is pegged at $4.14 billion, indicating growth of more than 100% from the year-ago quarter. The top line is likely to have benefited from the company's continued market expansion efforts and increase in home purchases. Demand for the company’s digital product is likely to have acted as another tailwind. The consensus mark lies within the company’s guided range of $4.10-$4.30 billion.
Healthy margins (due to structural price and cost improvements) are likely to have driven the company’s bottom line performance. The Zacks Consensus Estimate for the same is pegged at 14 cents per share, indicating year-over-year surge of more than 100%.
Our proven model does not predict an earnings beat for Opendoor Technologies this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, this is not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Opendoor Technologies has an Earnings ESP of -9.30% and a Zacks Rank #1.
Stocks to Consider
Here are a few stocks worth considering from the broader Zacks Business Services sector, as our model shows that these have the right combination of elements to beat on second-quarter 2022 earnings:
LUMN has a trailing four-quarter earnings surprise of 17.6%, on average.
TuSimple Holdings Inc. (TSP - Free Report) has an Earnings ESP of +7.18% and a Zacks Rank #3.
TuSimple has an expected earnings growth rate of 43.6% for the current year. TSP has an expected revenue growth rate of 135.8% for the current year.
Avis Budget Group, Inc. (CAR - Free Report) has an Earnings ESP of +4.58% and is Zacks #3 Ranked.
Avis Budget has an expected earnings growth rate of 74.4% for the current year. CAR delivered a trailing four-quarter earnings surprise of 102%, on average.
Image: Shutterstock
What's Ahead for Opendoor Technologies' (OPEN) in Q2 Earnings?
Opendoor Technologies Inc. (OPEN - Free Report) is scheduled to release second-quarter 2022 results on Aug 4, after market close.
Let’s check out the expectations in detail.
Q2 Expectations
The Zacks Consensus Estimate for revenues is pegged at $4.14 billion, indicating growth of more than 100% from the year-ago quarter. The top line is likely to have benefited from the company's continued market expansion efforts and increase in home purchases. Demand for the company’s digital product is likely to have acted as another tailwind. The consensus mark lies within the company’s guided range of $4.10-$4.30 billion.
Healthy margins (due to structural price and cost improvements) are likely to have driven the company’s bottom line performance. The Zacks Consensus Estimate for the same is pegged at 14 cents per share, indicating year-over-year surge of more than 100%.
Opendoor Technologies Inc. Price and EPS Surprise
Opendoor Technologies Inc. price-eps-surprise | Opendoor Technologies Inc. Quote
What Our Model Says
Our proven model does not predict an earnings beat for Opendoor Technologies this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, this is not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Opendoor Technologies has an Earnings ESP of -9.30% and a Zacks Rank #1.
Stocks to Consider
Here are a few stocks worth considering from the broader Zacks Business Services sector, as our model shows that these have the right combination of elements to beat on second-quarter 2022 earnings:
Lumen Technologies, Inc. (LUMN - Free Report) has an Earnings ESP of +0.58% and a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
LUMN has a trailing four-quarter earnings surprise of 17.6%, on average.
TuSimple Holdings Inc. (TSP - Free Report) has an Earnings ESP of +7.18% and a Zacks Rank #3.
TuSimple has an expected earnings growth rate of 43.6% for the current year. TSP has an expected revenue growth rate of 135.8% for the current year.
Avis Budget Group, Inc. (CAR - Free Report) has an Earnings ESP of +4.58% and is Zacks #3 Ranked.
Avis Budget has an expected earnings growth rate of 74.4% for the current year. CAR delivered a trailing four-quarter earnings surprise of 102%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.