EXp World (EXPI) got here out with quarterly earnings of $0.20 per share, beating the Zacks Consens
EXp World (EXPI) got here out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to lack of $0.03 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 233.33%. 1 / 4 in the past, it was anticipated that this firm would publish earnings of $0.02 per share when it really produced earnings of $0.11, delivering a shock of 450%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
EXp World, which belongs to the Zacks Actual Property – Operations trade, posted revenues of $564.02 million for the quarter ended September 2020, surpassing the Zacks Consensus Estimate by 37.73%. This compares to year-ago revenues of $282.18 million. The corporate has topped consensus income estimates 4 instances during the last 4 quarters.
The sustainability of the inventory’s rapid value motion primarily based on the recently-released numbers and future earnings expectations will largely rely upon administration’s commentary on the earnings name.
EXp World shares have added about 320.3% for the reason that starting of the yr versus the S&P 500’s acquire of 8.6%.
What’s Subsequent for eXp World?
Whereas eXp World has outperformed the market up to now this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist buyers tackle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and developments in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking device just like the Zacks Rank, which has a formidable monitor report of harnessing the ability of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions pattern for eXp World was blended. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out according to the market within the close to future. You may see the whole listing of as we speak’s Zacks #1 Rank (Sturdy Purchase) shares right here.
It will likely be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.05 on $388.40 million in revenues for the approaching quarter and $0.30 on $1.42 billion in revenues for the present fiscal yr.
Traders needs to be aware of the truth that the outlook for the trade can have a fabric influence on the efficiency of the inventory as nicely. When it comes to the Zacks Business Rank, Actual Property – Operations is presently within the backside 28% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Exp World Holdings, Inc. (EXPI): Free Inventory Evaluation Report
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