Opendoor Technologies Inc (OPEN) saw its stock price plummet by 9.62% in Tuesday's trading session, as investors brace for the company's upcoming third-quarter earnings report. The sharp decline comes amid analyst projections of a loss and significant revenue decrease for the period ending September 30, 2025.

According to the mean estimate from seven analysts based on LSEG data, Opendoor is expected to report a loss of 7 cents per share. This gloomy outlook is compounded by revenue projections, with analysts anticipating a 38.3% year-over-year decrease to $849.588 million, down from $1.38 billion in the same quarter last year. The company's own guidance, provided on August 5, 2025, set revenue expectations between $800.00 million and $875.00 million for the quarter.

The market's pessimism is further reflected in analyst ratings, with the current average recommendation being a "hold." Out of the analysts covering the stock, there is 1 "strong buy" or "buy," 6 "hold," and 3 "sell" or "strong sell" ratings. Adding to the bearish sentiment, Wall Street's median 12-month price target for Opendoor Technologies stands at $1.00, a staggering 659% below its last closing price of $7.59. As the company prepares to release its results on November 6, investors appear to be positioning themselves for potentially disappointing news, driving the stock's significant decline.