Real estate brokerage group eXp World Holdings Q3 revenue beats estimates on agent growth

Reuters11-07
Real estate brokerage group <a href="https://laohu8.com/S/EXPI">eXp World</a> Holdings Q3 revenue beats estimates on agent growth

Overview

  • eXp World Holdings Q3 revenue rises 7% to $1.3 bln, beating analyst expectations

  • Adjusted EBITDA for Q3 beats estimates, indicating strong operational performance

  • Company repurchased $16.4 mln in common stock, reflecting shareholder value commitment

Result Drivers

  • AGENT GROWTH - CEO Leo Pareja attributes higher revenue and profitability to continued momentum in agent growth, productivity, and retention

  • TECHNOLOGY INNOVATION - Co leverages AI to enhance speed, agility, and differentiation in the real estate landscape, per CEO Glenn Sanford

  • AGENT-FIRST CULTURE - eXp's agent-first culture attracts and empowers top agents, driving overall performance

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$1.32 bln

$1.24 bln (2 Analysts)

Q3 EPS

$0.02

Q3 Net Income

$3.50 mln

Q3 Adjusted EBITDA

Beat

$17.70 mln

$16.20 mln (2 Analysts)

Q3 Dividend

$0.05

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the real estate services peer group is "buy"

  • Wall Street's median 12-month price target for eXp World Holdings Inc is $12.00, about 16.2% above its November 5 closing price of $10.05

Press Release: ID:nGNXw27gS

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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