eXp World (NASDAQ:EXPI) Posts Earnings Results, Beats Expectations By $0.01 EPS

Posted by Cynthia Vaughn on May 2nd, 2024

eXp World (NASDAQ:EXPI – Get Free Report) released its quarterly earnings data on Wednesday. The technology company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01, Briefing.com reports. The company had revenue of $943.10 million during the quarter, compared to the consensus estimate of $893.24 million. eXp World had a positive return on equity of 0.09% and a negative net margin of 0.21%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 EPS.

eXp World Trading Up 10.8 %

Shares of NASDAQ:EXPI traded up $1.10 on Thursday, hitting $11.25. The company had a trading volume of 2,368,327 shares, compared to its average volume of 1,102,826. The stock has a 50 day moving average price of $10.71 and a 200 day moving average price of $12.53. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -187.83 and a beta of 2.29. eXp World has a 1-year low of $8.91 and a 1-year high of $25.39.

eXp World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.20 dividend on an annualized basis and a yield of 1.78%. eXp World’s dividend payout ratio (DPR) is -333.33%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. DA Davidson reiterated an “underperform” rating and issued a $11.75 price target on shares of eXp World in a research note on Thursday. TheStreet downgraded shares of eXp World from a “c-” rating to a “d” rating in a research note on Monday, March 4th.

View Our Latest Analysis on eXp World

About eXp World

(Get Free Report)

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.