eXp World (EXPI) Issues Earnings Results, Misses Estimates By $0.03 EPS
eXp World (NASDAQ:EXPI) posted its earnings results on Tuesday. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03), Bloomberg Earnings reports. The business had revenue of $157.20 million for the quarter, compared to analyst estimates of $134.56 million. eXp World had a negative net margin of 11.13% and a negative return on equity of 434.65%. The business’s revenue was up 231.6% compared to the same quarter last year.
Shares of eXp World stock traded up $0.60 during mid-day trading on Tuesday, hitting $12.44. The stock had a trading volume of 7,062 shares, compared to its average volume of 225,678. eXp World has a 12-month low of $5.95 and a 12-month high of $19.72.
In other eXp World news, CEO Jason Gesing sold 5,600 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $15.73, for a total value of $88,088.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard Stanwood Miller sold 4,900 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $16.11, for a total transaction of $78,939.00. The disclosure for this sale can be found here. In the last three months, insiders sold 130,600 shares of company stock valued at $2,116,533. Corporate insiders own 47.20% of the company’s stock.
eXp World Company Profile
eXp World Holdings, Inc provides cloud-based real estate brokerage services for residential real estate market in the United states and Canada. The company facilitates buyers to search real-time property listings and sellers to list their properties through its Website; and provides buyers and sellers access to a network of professional, consumer-centric agents, and brokers.
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