eXp World (EXPI) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

eXp World (OTCMKTS:EXPI) released its earnings results on Monday. The technology company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.03, Bloomberg Earnings reports. eXp World had a negative net margin of 13.66% and a negative return on equity of 583.85%. The company had revenue of $130.54 million during the quarter, compared to the consensus estimate of $111.38 million.

Shares of OTCMKTS:EXPI opened at $17.00 on Wednesday. eXp World has a fifty-two week low of $3.00 and a fifty-two week high of $19.30.

A number of equities research analysts recently weighed in on EXPI shares. ValuEngine raised shares of eXp World from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised shares of eXp World from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Wednesday, July 25th. Finally, Stephens started coverage on shares of eXp World in a research report on Tuesday, July 31st. They set an “overweight” rating and a $20.00 price objective for the company. Six research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $15.90.



In other eXp World news, CEO Jason Gesing sold 5,601 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $15.01, for a total value of $84,071.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Stanwood Miller sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $16.01, for a total transaction of $80,050.00. The disclosure for this sale can be found here. 49.56% of the stock is owned by corporate insiders.

eXp World Company Profile

eXp World Holdings, Inc provides cloud-based real estate brokerage services for residential real estate market in the United states and Canada. The company facilitates buyers to search real-time property listings and sellers to list their properties through its Website; and provides buyers and sellers access to a network of professional, consumer-centric agents, and brokers.

See Also: Price to Earnings Ratio (PE)

Earnings History for eXp World (OTCMKTS:EXPI)

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