EXPI Earnings Prediction
The chart below shows how EXPI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EXPI sees a +2.67% change in stock price 10 days leading up to the earnings, and a +2.19% change 10 days following the report. On the earnings day itself, the stock moves by -0.77%. This data can give you a slight idea of what to expect for the next quarter's release.
EXPI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
87.65M
5.96%
-10.17%
Gross Margin
--
--
--
Operating Margin
11.03%
146.21%
-41.95%
Net Margin
-7.39%
-369.71%
-161.28%
EPS
-0.06
-700.00%
-175.00%
No Data Available
EXPI Earnings Analysis
eXp World Holdings, Inc. Common Stock Corporation (EXPI.O) Earnings Conference Call
Positive
Q3 Revenue Increase: 1. Revenue Growth: eXp World Holdings reported a revenue of $1.231 billion for Q3 2024, marking a 2% increase year-over-year, driven by higher real estate sales volume and improved agent productivity.
International Revenue Increase: 2. International Revenue Surge: The international segment achieved a remarkable 63% increase in revenue, reaching $24.2 million, primarily due to enhanced real estate transactions and agent productivity.
Agent Productivity Boost: 3. Agent Productivity Improvement: The company saw a $55 million increase in revenue attributed to improved agent productivity compared to the previous year, showcasing the effectiveness of their strategic initiatives.
Strong Cash Flow Generation: 4. Strong Cash Flow: eXp generated an adjusted operating cash flow of $65 million in Q3 2024, reflecting robust financial health and operational efficiency.
Share Repurchase Initiative: 5. Share Repurchase Program: During the quarter, eXp repurchased $35 million of its shares, demonstrating confidence in its long-term value and commitment to returning capital to shareholders.
Negative
Agent Count Decline: 1. Decline in Agent Count: eXp World Holdings reported a 4% decrease in agent count year-over-year, attributed to challenging market conditions and the offboarding of unproductive agents, with 62% of those leaving the company exiting the industry entirely.
Antitrust Lawsuit Impact: 2. GAAP Net Loss: The company experienced a GAAP net loss of $8.5 million in Q3 2024, primarily due to an $18 million provision related to an ongoing antitrust lawsuit, which significantly impacted overall financial performance.
Rising Legal and Administrative Expenses: 3. Increased Legal Costs: General and administrative expenses rose by 2% to $61.4 million compared to Q3 2023, driven by higher employee-related expenses and increased legal costs associated with the antitrust lawsuit.
Market Revenue Decline: 4. Pressure on Revenue from Market Conditions: The U.S. real estate market decline negatively impacted revenue by approximately $75 million, with a 1.3% year-over-year decrease in U.S. home sales contributing to this pressure.
Antitrust Legal Provision Increase: 5. Antitrust Settlement Provision: The company provided an additional $18 million contingency provision for the antitrust lawsuit in Q3, bringing the total provision to $34 million, which reflects ongoing legal challenges and their financial implications.
EXPI FAQs
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EXPI Earning Call Sentiment
eXp World Holdings, Inc. (EXPI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
EXPI.O
0.62%Positive
The earnings call presents a mixed picture. Positive aspects include revenue growth, increased EBITDA, and international expansion. However, challenges such as declining agent count, increased expenses, and market conditions counterbalance these positives. The share repurchase program is a positive signal, but the antitrust provision and GAAP net loss are concerning. The Q&A section reveals confidence in leadership and market potential, but vague responses on some strategic aspects. Considering these factors and the company's market cap, the stock price is likely to remain stable, leading to a neutral prediction.
