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Clean Harbors, Inc. (CLH) - free report >>
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What's Ahead for Opendoor Technologies (OPEN) Q3 Earnings?
Opendoor Technologies Inc. (OPEN - Free Report) is scheduled to release third-quarter 2022 results on Nov 3, after market close.
Let’s check out the expectations in detail.
Q3 Expectations
The Zacks Consensus Estimate for revenues is pegged at $2.6 billion, indicating growth of 14% from the year-ago quarter’s reading. The top line is likely to have benefited from OPEN's continued market expansion efforts and increase in home purchases. The consensus mark matches the upper end of Opendoor Technologies’ guided range of $2.20-$2.60 billion.
The Zacks Consensus Estimate for the bottom line is pegged at a loss of 37 cents per share, indicating a plunge of more than 100% from the year-ago quarter’s reported number.
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, as elaborated below. 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 0.00% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this season:
Clean Harbors, Inc. (CLH - Free Report) has an Earnings ESP of +5.87% and a Zacks Rank #2.
Clean Harbors has an expected earnings growth rate of 89% for the current year. CLH has a trailing four-quarter earnings surprise of 37.5%, on average.
Riot Blockchain (RIOT - Free Report) has an Earnings ESP of +129.17% and is Zacks #3 Ranked.
Riot has an expected revenue growth rate of 41.2% for the current year and 69.1% for next year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.