Opendoor (OPEN) Stock: Why Its Trending

By Amit Chowdhry ● Feb 27, 2022
  • The Opendoor (NASDAQ: OPEN) stock is trending. This is why.

The Opendoor (NASDAQ: OPEN) stock is trending. And the company stock price fell by 23.13% in the most recent trading session.

Opendoor had reported a Q4 EPS of ($0.31), which was $0.13 less than the analyst estimates of ($0.18). And the revenue for the quarter was $3.8 billion compared to the consensus estimate of $3.17 billion.

In terms of guidance, Opendoor expects Q1 2022 revenue of $4.1-4.3 billion, compared to the consensus of $3.32 billion. And the Q1 2022 adjusted EBITDA guidance was $30 million – $40 million, up $37 million year-over-year at the midpoint of the range.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.