eXp World Holdings Second Quarter 2024 Earnings: EPS Misses Expectations

[email protected] (Simply Wall St)
1 min read

In This Article:

eXp World Holdings (NASDAQ:EXPI) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$1.30b (up 5.2% from 2Q 2023).

  • Net income: US$11.8m (up 3.6% from 2Q 2023).

  • Profit margin: 0.9% (in line with 2Q 2023).

  • EPS: US$0.077 (up from US$0.074 in 2Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

eXp World Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.0%.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in the US.

Performance of the American Real Estate industry.

The company's shares are down 14% from a week ago.

Risk Analysis

Be aware that eXp World Holdings is showing 2 warning signs in our investment analysis that you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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