eXp World Holdings First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

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

Key Financial Results

• Revenue: US$943.1m (up 11% from 1Q 2023).
• Net loss: US$13.8m (down from US$1.45m profit in 1Q 2023).
• US$0.089 loss per share (down from US$0.01 profit in 1Q 2023).

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

eXp World Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 67%.

Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 2 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 up 13% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for eXp World Holdings that you should be aware of before investing here.

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