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

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

EXPI has been the subject of a number of other reports. DA Davidson reaffirmed an “underperform” rating and set a $11.75 price objective on shares of eXp World in a report 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 Price Performance

Shares of EXPI stock opened at $11.62 on Friday. eXp World has a one year low of $8.91 and a one year high of $25.39. The company’s fifty day moving average price is $10.72 and its 200-day moving average price is $12.51. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -68.35 and a beta of 2.29.

eXp World Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 27th. Stockholders of record on Monday, May 13th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, May 10th. eXp World’s dividend payout ratio is currently -117.64%.

Hedge Funds Weigh In On eXp World

A number of large investors have recently made changes to their positions in EXPI. SG Americas Securities LLC lifted its stake in eXp World by 312.3% in the third quarter. SG Americas Securities LLC now owns 50,414 shares of the technology company’s stock worth $819,000 after purchasing an additional 38,187 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of eXp World by 28.9% during the third quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the technology company’s stock worth $84,000 after purchasing an additional 1,156 shares during the last quarter. Raymond James & Associates boosted its stake in shares of eXp World by 5.1% during the third quarter. Raymond James & Associates now owns 67,517 shares of the technology company’s stock valued at $1,096,000 after purchasing an additional 3,292 shares during the period. New York State Teachers Retirement System increased its stake in eXp World by 138.6% in the 3rd quarter. New York State Teachers Retirement System now owns 71,672 shares of the technology company’s stock worth $1,164,000 after buying an additional 41,633 shares during the period. Finally, Everhart Financial Group Inc. lifted its holdings in eXp World by 10.0% during the 3rd quarter. Everhart Financial Group Inc. now owns 49,086 shares of the technology company’s stock valued at $797,000 after buying an additional 4,472 shares in the last quarter. 27.17% of the stock is owned by hedge funds and other 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.