Q2 2024 EPS Estimates for eXp World Holdings, Inc. (NASDAQ:EXPI) Boosted by Analyst

eXp World Holdings, Inc. (NASDAQ:EXPI) – Research analysts at William Blair increased their Q2 2024 earnings per share (EPS) estimates for shares of eXp World in a research note issued to investors on Wednesday, May 1st. William Blair analyst S. Sheldon now expects that the technology company will post earnings per share of $0.10 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) last announced its earnings results on Wednesday, May 1st. The technology company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $943.10 million during the quarter, compared to the consensus estimate of $893.24 million. eXp World had a negative net margin of 0.60% and a negative return on equity of 1.45%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 earnings per share.

Other research analysts have also issued research reports about the stock. DA Davidson reaffirmed an “underperform” rating and issued a $11.75 target price on shares of eXp World in a research note on Thursday. TheStreet cut shares of eXp World from a “c-” rating to a “d” rating in a research note on Monday, March 4th.

eXp World Stock Performance

NASDAQ EXPI opened at $11.62 on Friday. The stock has a market capitalization of $1.77 billion, a P/E ratio of -68.35 and a beta of 2.29. eXp World has a 52 week low of $8.91 and a 52 week high of $25.39. The stock has a fifty day moving average of $10.72 and a 200-day moving average of $12.51.

eXp World Dividend Announcement

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 paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.72%. The ex-dividend date is Friday, May 10th. eXp World’s payout ratio is -117.64%.

Institutional Investors Weigh In On eXp World

Several large investors have recently bought and sold shares of EXPI. Nordea Investment Management AB boosted its position in shares of eXp World by 49.3% during the first quarter. Nordea Investment Management AB now owns 412,393 shares of the technology company’s stock worth $4,326,000 after purchasing an additional 136,151 shares in the last quarter. Precision Wealth Strategies LLC acquired a new stake in eXp World during the 1st quarter worth $113,000. Allspring Global Investments Holdings LLC lifted its holdings in eXp World by 552.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,042 shares of the technology company’s stock worth $124,000 after acquiring an additional 10,195 shares in the last quarter. Foguth Wealth Management LLC. acquired a new position in eXp World in the first quarter valued at about $231,000. Finally, Global Assets Advisory LLC bought a new stake in shares of eXp World in the first quarter worth about $1,000,000. Institutional investors own 27.17% of the company’s stock.

eXp World Company Profile

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.