Technology real estate company Opendoor (NASDAQ: OPEN) will be announcing earnings results this Thursday afternoon. Here’s what you need to know.

Opendoor beat analysts’ revenue expectations by 7.8% last quarter, reporting revenues of $915 million, down 33.6% year on year. It was a slower quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates. It reported 2,568 homes sold, down 29% year on year.

Is Opendoor a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Opendoor’s revenue to decline 45.1% year on year to $595 million, a reversal from the 24.6% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.09 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Opendoor has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 7.1% on average.

Looking at Opendoor’s peers in the consumer discretionary - real estate services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Marcus & Millichap delivered year-on-year revenue growth of 1.6%, beating analysts’ expectations by 6.3%, and Zillow reported revenues up 18.1%, topping estimates by 0.5%. Marcus & Millichap traded up 3.4% following the results while Zillow was down 17.1%.

Read our full analysis of Marcus & Millichap’s results here and Zillow’s results here.

Investors in the consumer discretionary - real estate services segment have had steady hands going into earnings, with share prices flat over the last month. Opendoor is down 32.6% during the same time and is heading into earnings with an average analyst price target of $4.33 (compared to the current share price of $4.32).

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