Overview

* eXp World Holdings ( EXPI ) Q2 revenue rises 1% to $1.3 bln, almost in line with analyst expectations, per LSEG data

* Adjusted EBITDA of $11.2 mln missed analyst estimates, per LSEG data

* Company reported a net loss of $2.3 mln

Result Drivers

* AGENT-FIRST MODEL - eXp attributes resilience to its agent-first model and commitment to innovation

* INTERNATIONAL GROWTH - Rapid growth in international business with robust agent productivity and expanding global reach, according to the company

* STRATEGIC INVESTMENTS - Increased operating expenses driven by strategic investments to streamline operations and severance costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $1.30 $1.30

Revenue bln bln (2

Analysts

)

Q2 Net -$2.30

Income mln

Q2 Miss $11.20 $25.90

Adjusted mln mln (2

EBITDA Analysts

)

Q2 $0.05

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the real estate services peer group is "buy"

* Wall Street's median 12-month price target for eXp World Holdings Inc ( EXPI ) is $12.00, about 9.7% above its July 30 closing price of $10.84

* The stock recently traded at 155 times the next 12-month earnings vs. a P/E of 48 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)