US Pending Home Sales Plunge In January As Mortgage Rates Soar" Pending home sales crashed 5.7% MoM, down 9.1% YoY. 一月是买房淡季吗inventory太少吗还是开始cool down了？利率是涨了不少
DJ Opendoor Stock Is Tanking. The Real Estate Firm Is 'Misunderstood.' -- Barrons.com Dow Jones Global News - Feb 25, 2022 14:05:00 Karishma Vanjani Opendoor Technologies stock dropped Friday as poor quarterly results overshadowed financial forecasts that were more positive than expected. Some analysts say the market is missing the point. The real estate platform on Thursday reported a loss of 31 cents per share for the fourth quarter, while analysts surveyed by FactSet expected a loss of 18 cents. Revenue for the quarter ended in December was $3.82 billion, ahead of the $3.17 billion estimated by analysts. The stock <OPEN> fell 27% to $8.01 on Friday, even though management predicted $4.1 billion to $4.3 billion in revenue for the first quarter, compared with the $3.32 billion analysts had expected. Management forecast adjusted earnings before interest, taxes, depreciation, and amortization of $30 million to $40 million, higher than the $14.9 million analysts anticipated. Wedbush analyst Ygal Arounian said in a research note that the company is well positioned in terms of its fundamental business. He highlighted the strong forecast as well as home-inventory growth and quality. As of year end, Opendoor had only 8% of its homes listed on the market for more than 120 days, which is well within the company's expected range and far healthier than the figure of 24% for the overall market, said Opendoor's CFO Carrie Ann Wheeler. Separately, Opendoor said it isn't having problems acquiring homes and doesn't see that as an issue going forward. This is even though inventories in the market are at record lows, Arounian said. He reiterated his Outperform rating on the stock, but lowered his target for the price to $20. "We continue to see Opendoor as one of the most misunderstood and mispriced stories in our coverage universe," Arounian said. "It remains in very early stages of a massive secular shift toward technology disruption in residential real estate [and] is a clear leader in iBuying ...". iBuying -- a business that rival Zillow has been exiting -- is the process of buying an inventory of homes and selling them almost entirely online. KeyBanc analyst Edward Yruma is also bullish on the stock. He noted that Opendoor sold 9,794 homes in the fourth quarter, 64% more in the prior three months, due to strong demand. The analyst said in a note that he thinks the 17,009 homes on Opendoor's balance sheet at the end of the year position the company well for growth in 2022. Yruma has an Overweight rating and a $24 price target on the stock. Conversely, rival Redfin expects a loss of $115 million to $125 million in the first quarter, while analysts' forecasts called for a loss of $75 million.
OPEN record low,而季报看起来好像也不差，花街的心思永远猜不透。 相信此公司不会关门的可以考虑一下了
赚了一顿 buffet , Haha
Dow Jones Global News - Feb 25, 2022 14:05:00 Karishma Vanjani
Opendoor Technologies stock dropped Friday as poor quarterly results overshadowed financial forecasts that were more positive than expected. Some analysts say the market is missing the point.
The real estate platform on Thursday reported a loss of 31 cents per share for the fourth quarter, while analysts surveyed by FactSet expected a loss of 18 cents. Revenue for the quarter ended in December was $3.82 billion, ahead of the $3.17 billion estimated by analysts.
The stock <OPEN> fell 27% to $8.01 on Friday, even though management predicted $4.1 billion to $4.3 billion in revenue for the first quarter, compared with the $3.32 billion analysts had expected. Management forecast adjusted earnings before interest, taxes, depreciation, and amortization of $30 million to $40 million, higher than the $14.9 million analysts anticipated.
Wedbush analyst Ygal Arounian said in a research note that the company is well positioned in terms of its fundamental business. He highlighted the strong forecast as well as home-inventory growth and quality.
As of year end, Opendoor had only 8% of its homes listed on the market for more than 120 days, which is well within the company's expected range and far healthier than the figure of 24% for the overall market, said Opendoor's CFO Carrie Ann Wheeler.
Separately, Opendoor said it isn't having problems acquiring homes and doesn't see that as an issue going forward. This is even though inventories in the market are at record lows, Arounian said.
He reiterated his Outperform rating on the stock, but lowered his target for the price to $20. "We continue to see Opendoor as one of the most misunderstood and mispriced stories in our coverage universe," Arounian said. "It remains in very early stages of a massive secular shift toward technology disruption in residential real estate [and] is a clear leader in iBuying ...". iBuying -- a business that rival Zillow has been exiting -- is the process of buying an inventory of homes and selling them almost entirely online.
KeyBanc analyst Edward Yruma is also bullish on the stock. He noted that Opendoor sold 9,794 homes in the fourth quarter, 64% more in the prior three months, due to strong demand. The analyst said in a note that he thinks the 17,009 homes on Opendoor's balance sheet at the end of the year position the company well for growth in 2022.
Yruma has an Overweight rating and a $24 price target on the stock.
Conversely, rival Redfin expects a loss of $115 million to $125 million in the first quarter, while analysts' forecasts called for a loss of $75 million.