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Opendoor Technologies Inc. (OPEN - Free Report) is scheduled to report its second-quarter 2023 results on Aug 3 after the closing bell.
The company has missed the Zacks Consensus Estimate in two of the trailing four quarters and beat the estimate on the remaining two instances, delivering an average earnings surprise of 0.56%.
Q2 Expectations
The Zacks Consensus Estimate for Opendoor’s revenues in the to-be-reported quarter is pegged at $1.88 billion, indicating a 55.3% year-over-year decrease. The top-line decline is likely to have been due to the continuation of the lack of supply and a decrease in new listings.
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