William Blair Brokers Raise Earnings Estimates for eXp World Holdings, Inc. (NASDAQ:EXPI)

eXp World Holdings, Inc. (NASDAQ:EXPI) – William Blair boosted their Q2 2024 EPS estimates for shares of eXp World in a note issued to investors 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) last issued its earnings results on Wednesday, May 1st. The technology company reported ($0.02) earnings per share (EPS) 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 1.50%. The firm had revenue of $943.10 million for the quarter, compared to the consensus estimate of $893.24 million. The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 earnings per share.

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

eXp World Trading Up 3.3 %

EXPI stock opened at $11.62 on Friday. The stock’s 50 day simple moving average is $10.72 and its 200 day simple moving average is $12.49. eXp World has a 12-month low of $8.91 and a 12-month high of $25.39. The stock has a market capitalization of $1.80 billion, a PE ratio of -68.35 and a beta of 2.29.

eXp World Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 27th. Shareholders 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 presently -117.65%.

Hedge Funds Weigh In On eXp World

Several hedge funds and other institutional investors have recently modified their holdings of EXPI. Stratos Wealth Partners LTD. increased its position in eXp World by 6.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 14,738 shares of the technology company’s stock valued at $229,000 after acquiring an additional 923 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of eXp World by 4.5% in the 3rd quarter. Arizona State Retirement System now owns 21,845 shares of the technology company’s stock worth $355,000 after purchasing an additional 945 shares during the period. SG Americas Securities LLC boosted 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 buying an additional 1,082 shares during the last quarter. Exchange Traded Concepts LLC grew its position in eXp World by 28.9% during the third quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the technology company’s stock valued at $84,000 after buying an additional 1,156 shares during the period. Finally, SRS Capital Advisors Inc. increased its holdings in eXp World by 354.8% during the fourth 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 during the last quarter. 27.17% of the stock is owned by institutional investors.

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.