Reported Yesterday; eXp World Holdings Q2 2024 GAAP EPS $0.08, Inline, Sales $1.29B Miss $1.30B Estimate
Portfolio Pulse from Benzinga Newsdesk
eXp World Holdings (NASDAQ:EXPI) reported Q2 2024 earnings per share of $0.08, meeting analyst expectations. However, the company's sales of $1.29 billion missed the $1.30 billion estimate by 0.27%, though it represents a 5.03% increase from the same period last year.
August 01, 2024 | 3:17 pm
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eXp World Holdings reported Q2 2024 earnings per share of $0.08, meeting analyst expectations. However, the company's sales of $1.29 billion missed the $1.30 billion estimate by 0.27%, though it represents a 5.03% increase from the same period last year.
The earnings per share met expectations, which is neutral for the stock price. The slight miss in sales estimates by 0.27% is a minor negative, but the 5.03% year-over-year increase in sales is a positive indicator. Overall, the impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100