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eXp World (EXPI) Q1 Earnings Report Preview: What To Look For

StockStory - Tue Apr 30, 2:03AM CDT

EXPI Cover Image

Real estate technology company eXp World (NASDAQ:EXPI) will be announcing earnings results tomorrow after the bell. Here's what investors should know.

eXp World beat analysts' revenue expectations by 2.5% last quarter, reporting revenues of $983 million, up 5.3% year on year. It was a mixed quarter for the company: eXp World beat analysts' revenue expectations. On the profitability side, things were less rosy as the company missed analysts' EBITDA and EPS estimates.

Is eXp World a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting eXp World's revenue to grow 5% year on year to $893.2 million, a reversal from the 15.8% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.01 per share.

eXp World Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. eXp World has missed Wall Street's revenue estimates three times over the last two years.

Looking at eXp World's peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Anywhere Real Estate posted flat year-on-year revenue, missing analysts' expectations by 1.8%, and Cushman & Wakefield reported a revenue decline of 2.9%, in line with consensus estimates. Anywhere Real Estate traded down 4.6% following the results.

Read our full analysis of Anywhere Real Estate's results here and Cushman & Wakefield's results here.

Growth stocks have been quite volatile since the start of 2024, and while some of the consumer discretionary stocks have fared somewhat better, they have not been spared, with share prices down 6.2% on average over the last month. eXp World is up 3.9% during the same time and is heading into earnings with an average analyst price target of $12.3 (compared to the current share price of $10.51).

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