eXp World (EXPI) Scheduled to Post Quarterly Earnings on Thursday

eXp World (NASDAQ:EXPI) will release its earnings data after the market closes on Thursday, November 7th. Analysts expect eXp World to post earnings of $0.06 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). eXp World had a negative return on equity of 0.56% and a negative net margin of 0.52%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts expect eXp World to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

eXp World Trading Down 0.6 %

EXPI opened at $12.80 on Thursday. The business has a 50 day moving average of $13.16 and a 200-day moving average of $12.20. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of -75.29 and a beta of 2.30. eXp World has a 1-year low of $8.91 and a 1-year high of $17.11.

Insider Activity at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 26,630 shares of eXp World stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $11.82, for a total transaction of $314,766.60. Following the sale, the chief executive officer now owns 40,943,667 shares in the company, valued at $483,954,143.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Randall D. Miles sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $15.11, for a total transaction of $453,300.00. Following the completion of the transaction, the director now owns 547,665 shares in the company, valued at $8,275,218.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Glenn Darrel Sanford sold 26,630 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $11.82, for a total value of $314,766.60. Following the completion of the sale, the chief executive officer now directly owns 40,943,667 shares in the company, valued at approximately $483,954,143.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 606,463 shares of company stock worth $7,961,070. 35.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EXPI. DA Davidson raised their price target on shares of eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. BTIG Research raised eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd.

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.