eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) - Analysts at William Blair raised their Q2 2024 earnings per share estimates for shares of eXp World in a report issued on Wednesday, May 1st. William Blair analyst S. Sheldon now expects that the technology company will post earnings of $0.10 per share for the quarter, up from their prior forecast of $0.06. The consensus estimate for eXp World's current full-year earnings is $0.22 per share. William Blair also issued estimates for eXp World's Q3 2024 earnings at $0.10 EPS, Q2 2025 earnings at $0.13 EPS and Q3 2025 earnings at $0.13 EPS.
eXp World (NASDAQ:EXPI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. eXp World had a negative net margin of 0.60% and a negative return on equity of 1.45%. The company had revenue of $943.10 million for the quarter, compared to analysts' expectations of $893.24 million. During the same quarter in the previous year, the business posted $0.01 earnings per share. eXp World's quarterly revenue was up 11.1% on a year-over-year basis.
Several other equities research analysts have also recently weighed in on the company. TheStreet cut eXp World from a "c-" rating to a "d" rating in a research note on Monday, March 4th. DA Davidson reissued an "underperform" rating and set a $11.75 target price on shares of eXp World in a research report on Thursday.
Check Out Our Latest Analysis on EXPI
eXp World Price Performance
Shares of eXp World stock traded up $0.37 during trading hours on Friday, reaching $11.62. The company's stock had a trading volume of 1,462,495 shares, compared to its average volume of 1,107,009. eXp World has a one year low of $8.91 and a one year high of $25.39. The firm has a 50 day moving average price of $10.72 and a 200-day moving average price of $12.51. The stock has a market cap of $1.77 billion, a P/E ratio of -68.35 and a beta of 2.29.
Institutional Trading of eXp World
Institutional investors have recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. lifted its stake in shares of eXp World by 6.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 14,738 shares of the technology company's stock worth $229,000 after acquiring an additional 923 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of eXp World by 4.5% during the third quarter. Arizona State Retirement System now owns 21,845 shares of the technology company's stock valued at $355,000 after purchasing an additional 945 shares during the period. SG Americas Securities LLC grew its holdings in shares of eXp World by 2.1% in the fourth quarter. SG Americas Securities LLC now owns 51,496 shares of the technology company's stock worth $799,000 after purchasing an additional 1,082 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in eXp World by 28.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the technology company's stock worth $84,000 after buying an additional 1,156 shares during the period. Finally, SRS Capital Advisors Inc. lifted its holdings in eXp World by 354.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,974 shares of the technology company's stock valued at $31,000 after buying an additional 1,540 shares in the last quarter. Institutional investors own 27.17% of the company's stock.
eXp World Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 27th. Investors of record on Monday, May 13th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Friday, May 10th. eXp World's dividend payout ratio (DPR) is currently -117.64%.
eXp World Company Profile
(
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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.
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