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Real estate brokerage group eXp World Holdings Q3 revenue beats estimates on agent growth

Overview

eXp World Holdings Q3 revenue rises 7% to $1.3 bln, beating analyst expectations

Adjusted EBITDA for Q3 beats estimates, indicating strong operational performance

Company repurchased $16.4 mln in common stock, reflecting shareholder value commitment

Result Drivers

AGENT GROWTH - CEO Leo Pareja attributes higher revenue and profitability to continued momentum in agent growth, productivity, and retention

TECHNOLOGY INNOVATION - Co leverages AI to enhance speed, agility, and differentiation in the real estate landscape, per CEO Glenn Sanford

AGENT-FIRST CULTURE - eXp's agent-first culture attracts and empowers top agents, driving overall performance

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$1.32 bln$1.24 bln (2 Analysts)
Q3 EPS$0.02
Q3 Net Income$3.50 mln
Q3 Adjusted EBITDABeat$17.70 mln$16.20 mln (2 Analysts)
Q3 Dividend$0.05
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 is $12.00, about 16.2% above its November 5 closing price of $10.05 Press Release: ID:nGNXw27gS For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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.)

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