eXp World Holdings, Inc. to Post Q4 2024 Earnings of ($0.01) Per Share, William Blair Forecasts (NASDAQ:EXPI)

eXp World Holdings, Inc. (NASDAQ:EXPI) – Equities research analysts at William Blair increased their Q4 2024 earnings per share 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 earn ($0.01) per share for the quarter, up from their prior 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 Q1 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.01 EPS and FY2025 earnings at $0.27 EPS.

Several other equities research analysts have also commented on the company. TheStreet lowered eXp World from a “c-” rating to a “d” rating in a research note on Monday, March 4th. DA Davidson reiterated an “underperform” rating and set a $11.75 target price on shares of eXp World in a research report on Thursday, May 2nd.

eXp World Stock Up 1.1 %

Shares of NASDAQ EXPI opened at $12.10 on Monday. The firm has a 50-day moving average price of $10.73 and a 200 day moving average price of $12.47. eXp World has a 52 week low of $8.91 and a 52 week high of $25.39. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of -71.17 and a beta of 2.29.

eXp World (NASDAQ:EXPI) last released its quarterly earnings data 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 return on equity of 1.50% and a negative net margin of 0.60%. The firm had revenue of $943.10 million during the quarter, compared to analysts’ expectations of $893.24 million. During the same quarter in the prior year, the business posted $0.01 earnings per share. eXp World’s revenue was up 11.1% compared to the same quarter last year.

eXp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 27th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.65%. eXp World’s dividend payout ratio (DPR) is -117.64%.

Institutional Investors Weigh In On eXp World

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James & Associates lifted its position in shares of eXp World by 5.1% in the third quarter. Raymond James & Associates now owns 67,517 shares of the technology company’s stock valued at $1,096,000 after acquiring an additional 3,292 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of eXp World by 138.6% during 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 purchasing an additional 41,633 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of eXp World by 59.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,099 shares of the technology company’s stock worth $213,000 after buying an additional 4,863 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of eXp World by 123.0% in the third quarter. Victory Capital Management Inc. now owns 49,826 shares of the technology company’s stock valued at $809,000 after buying an additional 27,485 shares during the last quarter. Finally, Versor Investments LP purchased a new position in shares of eXp World during the third quarter valued at approximately $252,000. Hedge funds and other institutional investors own 27.17% of the company’s stock.

About eXp World

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.