How does OPEN's 2024 earnings trend compare to peers?

Opendoor Technologies Inc. (OPEN) experienced a significant decline in earnings compared to its peers over the past three years, primarily due to the challenges faced by the real estate industry and the company's specific financial performance.

1. **Earnings Decline**: Opendoor's diluted EPS has been negative for the past three years, with figures of -$0.95, -$1.47, and -$1.70 respectively. This indicates a consistent decline in earnings per share over the period.
2. **Peer Comparison**: When compared to its peers, Opendoor's earnings performance stands out as relatively worse. For instance, Yelp (YELP) has shown a more stable trend with a diluted EPS of $1.88 for 2024Q4, compared to Opendoor's -$1.70. Similarly, Cimpress (CMPR) reported a diluted EPS of $6.43, highlighting substantial differences in earnings strength.

|code|Ticker|Name|Date|Diluted EPS|market_code|
|---|---|---|---|---|---|
|TZOO|TZOO.O|Travelzoo|20220630|0.08|185|
|ZD|ZD.O|Ziff Davis|20220630|-0.99|185|
|ANGI|ANGI.O|Angi|20220630|-0.05|185|
|TTGT|TTGT.O|TechTarget|20220630|0.38|185|
|LQDT|LQDT.O|Liquidity Services|20220630|0.35|185|
|CMPR|CMPR.O|Cimpress|20220630|2.08|185|
|DHX|DHX.N|DHI Group|20220630|0.03|169|
|QNST|QNST.O|QuinStreet|20220630|-0.1|185|
|YELP|YELP.N|Yelp|20220630|0.11|169|
|TZOO|TZOO.O|Travelzoo|20220930|0.06|185|

3. **Industry Challenges**: The real estate industry, including Opendoor's iBuying model, has faced headwinds such as a "frozen" real estate market and intense competition. These factors, combined with Opendoor's reliance on home sales for revenue, have contributed to its poor financial performance compared to peers that may have diversified income streams.
4. **Financial Health Concerns**: Opendoor's gross margin was only 7.8% of total revenues in Q4, with a net loss of $113 million for the quarter. This contrasts sharply with peers like Yelp, which have healthier profit margins and positive net income.

In conclusion, Opendoor's earnings trend over the past three years has been significantly worse than that of its peers, primarily due to the unique challenges faced by the real estate industry and Opendoor's specific financial performance metrics.