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eXp World (EXPI) Q1 Earnings: What To Expect

EXPI Cover Image

Real estate technology company eXp World (NASDAQ: EXPI) will be reporting results tomorrow after market close. Here’s what to look for.

eXp World beat analysts’ revenue expectations by 6.5% last quarter, reporting revenues of $1.10 billion, up 11.9% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates. It reported 82,980 agents and brokers, down 5.2% year on year.

Is eXp World a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting eXp World’s revenue to grow 5.5% year on year to $994.8 million, slowing from the 11.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.06 per share.

eXp World Total Revenue

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. eXp World has missed Wall Street’s revenue estimates three times over the last two years.

Looking at eXp World’s peers in the real estate services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Cushman & Wakefield delivered year-on-year revenue growth of 4.6%, beating analysts’ expectations by 2.5%, and Newmark reported revenues up 21.8%, topping estimates by 8.9%. Cushman & Wakefield traded up 4.2% following the results while Newmark was down 2.5%.

Read our full analysis of Cushman & Wakefield’s results here and Newmark’s results here.

There has been positive sentiment among investors in the real estate services segment, with share prices up 8.8% on average over the last month. eXp World’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $14.75 (compared to the current share price of $9.29).

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.

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