Real estate technology company eXp World (NASDAQ:EXPI) will be reporting results tomorrow after market hours. Here’s what investors should know.
eXp World missed analysts’ revenue expectations by 3.4% last quarter, reporting revenues of $1.23 billion, up 1.5% year on year. It was a softer quarter for the company, with a significant miss of analysts’ adjusted operating income and EPS estimates. It reported 85,249 agents and brokers, down 4.4% 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 4.9% year on year to $1.03 billion, in line with the 5.3% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.02 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. eXp World has missed Wall Street’s revenue estimates four times over the last two years.
Looking at eXp World’s peers in the 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 44.4%, beating analysts’ expectations by 20.2%, and JLL reported revenues up 15.8%, topping estimates by 1.4%. Marcus & Millichap traded up 5.4% following the results.
Read our full analysis of Marcus & Millichap’s results here and JLL’s results here.
Investors in the real estate services segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. eXp World is down 1.1% during the same time and is heading into earnings with an average analyst price target of $15.75 (compared to the current share price of $11.24).
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