eXp World (EXPI) To Report Earnings Tomorrow: Here Is What To Expect

eXp World (EXPI) To Report Earnings Tomorrow: Here Is What To Expect

Real estate technology company eXp World (NASDAQ:EXPI) will be announcing earnings results tomorrow afternoon. Here's what to expect.

eXp World beat analysts' revenue expectations by 5.6% last quarter, reporting revenues of $943.1 million, up 10.9% year on year. It was a weaker quarter for the company, with a miss of analysts' earnings 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 5.3% year on year to $1.30 billion, a reversal from the 12.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.14 per share.

eXp World Total Revenue

The majority of analysts covering the company have 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 Q2 results, giving us a hint as to what we can expect. Cushman & Wakefield's revenues decreased 4.9% year on year, missing analysts' expectations by 2.9%, and CBRE reported revenues up 8.7%, in line with consensus estimates. CBRE traded up 12.5% following the results.

Read our full analysis of Cushman & Wakefield's results here and CBRE's results here.

There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 11.2% on average over the last month. eXp World is up 32.6% during the same time and is heading into earnings with an average analyst price target of $12.4 (compared to the current share price of $14.17).

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