Exp World (NASDAQ:AGNT) Issues Earnings Results, Misses Expectations By $0.04 EPS

Exp World (NASDAQ:AGNT) released its quarterly earnings data on Tuesday. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04), FiscalAI reports. Exp World had a negative net margin of 0.35% and a negative return on equity of 5.63%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.39 billion. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year.

Here are the key takeaways from Exp World’s conference call:

• Record second-quarter results: Revenue rose 11% year over year to $1.4 billion, while Adjusted EBITDA increased 129% to $25.7 million, above the company’s guidance range. Sales transactions grew 12% and productivity per agent increased 6%.
• AGNT reported continued operating leverage from its technology investments, including AI tools that have reviewed more than 5 million documents and increased files handled per transaction analyst by 19%. Management said further cost savings and workflow efficiencies remain available as AI capabilities improve.
• The international segment posted 44% year-over-year revenue growth, while its operating loss narrowed 57% and Adjusted EBITDA loss improved 66%. Management attributed momentum to expansion into new countries, the Nexus operating system and international agent-sponsorship initiatives.
• AGNT said its multi-model strategy is gaining traction through the combination of eXp Realty and NextHome, with NextHome adding approximately 4,900 agents. Although its current financial contribution is modest, management views the franchise platform as a potential avenue to capture agents whose franchise agreements are coming due.
• Management expects housing activity to remain softer through the end of 2026 amid persistent inflation, geopolitical uncertainty, elevated Treasury yields and the Federal Reserve’s restrictive stance. Full-year revenue guidance was maintained at $4.85 billion-$5.15 billion, while the company expects continued elevated legal costs in the second half.

Exp World Trading Down 4.0%

Shares of AGNT opened at $4.05 on Thursday. The company has a market cap of $665.51 million, a P/E ratio of -36.82 and a beta of 2.09. Exp World has a twelve month low of $3.68 and a twelve month high of $12.23. The company’s fifty day simple moving average is $4.67 and its 200-day simple moving average is $6.03.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Bank of America Corp DE boosted its position in Exp World by 73.3% during the second quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock worth $29,934,000 after purchasing an additional 1,391,582 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Exp World by 126.7% during the first quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock worth $8,856,000 after buying an additional 506,121 shares in the last quarter. Invesco Ltd. grew its stake in Exp World by 55.8% during the 2nd quarter. Invesco Ltd. now owns 1,178,065 shares of the technology company’s stock valued at $10,720,000 after acquiring an additional 421,740 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Exp World by 19.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,787,759 shares of the technology company’s stock valued at $16,179,000 after buying an additional 285,001 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Exp World by 91.1% in the 4th quarter. Janus Henderson Group PLC now owns 575,857 shares of the technology company’s stock valued at $5,212,000 after buying an additional 274,445 shares during the period. Institutional investors own 27.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AGNT. Benchmark reduced their price target on shares of Exp World from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday. Wall Street Zen raised Exp World to a “hold” rating in a research note on Sunday, May 10th. DA Davidson reduced their target price on shares of Exp World from $6.50 to $4.75 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Exp World in a research report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $5.17.

Exp World Company Profile

eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty’s technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World’s offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.