eXp World Holdings Inc (EXPI) Expected to Announce Quarterly Sales of $146.30 Million

Wall Street brokerages expect eXp World Holdings Inc (NASDAQ:EXPI) to report $146.30 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for eXp World’s earnings, with estimates ranging from $141.91 million to $150.70 million. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 12th.

On average, analysts expect that eXp World will report full year sales of $496.02 million for the current fiscal year, with estimates ranging from $491.65 million to $500.40 million. For the next financial year, analysts forecast that the company will post sales of $823.14 million, with estimates ranging from $784.70 million to $861.58 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover eXp World.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings results on Tuesday, November 13th. The technology company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.03). The business had revenue of $157.20 million for the quarter, compared to analysts’ expectations of $134.56 million. eXp World had a negative return on equity of 238.59% and a negative net margin of 7.29%. The company’s revenue was up 231.6% on a year-over-year basis.

A number of research analysts recently weighed in on the stock. DA Davidson lowered their target price on shares of eXp World to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, November 14th. Zacks Investment Research cut shares of eXp World from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $16.65.

Shares of eXp World stock traded down $0.41 on Monday, hitting $9.61. 156,568 shares of the company’s stock were exchanged, compared to its average volume of 134,151. eXp World has a 1 year low of $7.03 and a 1 year high of $19.72.

In related news, Director Randall D. Miles sold 20,000 shares of eXp World stock in a transaction on Monday, October 1st. The shares were sold at an average price of $16.39, for a total transaction of $327,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard Stanwood Miller sold 10,000 shares of the business’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $19.13, for a total transaction of $191,300.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,077 shares of company stock worth $1,119,400. 47.20% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. D.A. Davidson & CO. purchased a new stake in eXp World in the 3rd quarter worth $248,000. GSA Capital Partners LLP purchased a new stake in eXp World in the 3rd quarter worth $358,000. Engineers Gate Manager LP purchased a new stake in eXp World in the 3rd quarter worth $369,000. Bank of New York Mellon Corp purchased a new stake in eXp World in the 3rd quarter worth $413,000. Finally, Jane Street Group LLC purchased a new stake in eXp World in the 3rd quarter worth $429,000. Institutional investors and hedge funds own 4.53% of the company’s stock.

eXp World Company Profile

eXp World Holdings, Inc provides cloud-based real estate brokerage services for residential real estate market in the United states and Canada. The company facilitates buyers to search real-time property listings and sellers to list their properties through its Website; and provides buyers and sellers access to a network of professional, consumer-centric agents, and brokers.

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Earnings History and Estimates for eXp World (NASDAQ:EXPI)

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