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eXp World Holdings Inc (EXPI)
NASDAQ:EXPI
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.03Last Year’s EPS
-$0.05Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -12.94%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong international revenue growth, successful brand marketing, and advancements in AI, contributing to an overall positive financial performance. However, challenges remain with a decrease in agent count and legal expenses impacting net income.Company Guidance
In the earnings call for eXp World Holdings for the third quarter of 2024, several key metrics and strategic updates were discussed. The company reported a revenue increase of 2% year-over-year to $1.231 billion, driven by improved agent productivity and higher real estate sales volume, despite a 4% decrease in agent count due to market conditions and strategic offboarding of unproductive agents. The Agent Net Promoter Score (ANPS) improved to 76, indicating strong agent satisfaction. International revenue grew by 63%, reflecting a strategic focus on productive agents and international expansion, with new markets planned in Turkey, Peru, and Egypt. The company also highlighted its investments in AI-driven innovations to enhance agent productivity and operational efficiency. Additionally, initiatives like the Fast Start Attraction Bonus and ICON incentive program were implemented to attract and retain high-performing agents. Adjusted EBITDA rose by 15% to $23.9 million, supported by lower SG&A expenses. Looking forward, eXp anticipates continued investment in international markets and agent growth initiatives, despite expected downward pressure on U.S. home sales.International Revenue Growth
International revenue grew by 63% over the last 12 months due to productive agents and new market entry plans.
Brand and Marketing Success
Achieved significant media coverage with over 7,700 articles and 14.7 billion impressions, enhancing brand awareness.
AI and Innovation
Implemented AI-based solutions across the business, enhancing agent productivity and operational efficiency.
Financial Performance
Revenue increased by 2% to $1.231 billion with adjusted EBITDA up 15% year-over-year, driven by increased sales volume and agent productivity.
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EXPI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EXPI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $14.71 | $13.97 | -5.03% |
| Jul 31, 2024 | $14.25 | $12.74 | -10.60% |
| May 01, 2024 | $10.03 | $11.12 | +10.87% |
| Feb 22, 2024 | $10.90 | $10.73 | -1.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does eXp World Holdings Inc (EXPI) report earnings?
eXp World Holdings Inc (EXPI) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is eXp World Holdings Inc (EXPI) earnings time?
eXp World Holdings Inc (EXPI) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EXPI EPS forecast?
EXPI EPS forecast for the fiscal quarter 2024 (Q4) is -$0.03.
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