Exp World (NASDAQ:AGNT) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Exp World (NASDAQ:AGNT) issued its quarterly earnings results on Thursday. The technology company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.10), FiscalAI reports. Exp World had a negative return on equity of 5.43% and a negative net margin of 0.35%. The business had revenue of $1.39 billion for the quarter. The firm’s revenue was up 5.8% on a year-over-year basis.

Here are the key takeaways from Exp World’s conference call:

• Q3 revenue rose 6% to $1.4 billion, while transactions increased 8% and sales volume grew 10%, including NextHome. Operating income fell 23% to $3.1 million, primarily due to elevated legal costs, and Adjusted EBITDA declined 3% to $17.1 million.
• AGNT cited rising mortgage rates and softer housing demand in lowering its outlook: Q4 revenue is expected at $1.0 billion–$1.2 billion and Adjusted EBITDA at a loss of $7 million to break-even. Full-year Adjusted EBITDA guidance is $40 million–$47 million, with legal expenses expected to remain elevated through 2026 before normalizing in 2027.
• Agent count ended the quarter at 87,457, up 5% year over year, and core-business productivity per person rose 6% excluding NextHome. Management said more than 90% of attrition came from lower-productivity agents, while 44% of new joiners were on teams, which it says are 77% more productive than individual agents.
• Management is investing in AI-enabled tools and its AgentOS modernization, including connectors that let agents use AI within tools they already work in; the Hub MCP recorded more than 1.2 million tool calls since launch. The company also highlighted potential margin benefits from international improvement, ancillary services, and scaling NextHome, while cautioning that financial impacts from technology initiatives are early and uncertain.

Exp World Stock Performance

Shares of AGNT stock traded down $0.36 on Thursday, reaching $3.91. The company had a trading volume of 1,715,738 shares, compared to its average volume of 1,513,972. The company has a 50-day moving average of $3.88 and a 200-day moving average of $5.35. Exp World has a 12 month low of $3.40 and a 12 month high of $12.23.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Exp World from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, September 25th. Zacks Research raised shares of Exp World from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 23rd. DA Davidson dropped their target price on shares of Exp World from $6.50 to $4.75 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Benchmark dropped their target price on shares of Exp World from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Finally, Wall Street Zen downgraded Exp World from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $5.38.

Insider Buying and Selling at Exp World

In related news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of Exp World stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $3.68, for a total transaction of $31,991,307.20. Following the transaction, the insider owned 18,037,824 shares of the company’s stock, valued at $66,379,192.32. This trade represents a 32.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 26.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Exp World

Several large investors have recently bought and sold shares of the company. Citizens Financial Group Inc. RI acquired a new stake in Exp World in the third quarter worth $186,000. Quadrant Capital Group LLC bought a new position in shares of Exp World during the third quarter worth $317,000. Cim Investment Management Inc. acquired a new position in shares of Exp World in the 2nd quarter valued at $136,000. Philadelphia Investment Partners LLC acquired a new position in shares of Exp World in the 2nd quarter valued at $46,000. Finally, Commonwealth Financial Services LLC acquired a new position in shares of Exp World in the 1st quarter valued at $111,000. Institutional investors own 27.17% of the company’s stock.

About Exp World

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees. In addition, the company offers SUCCESS print magazine, SUCCESS.com portal, SUCCESS newsletters, SUCCESS podcasts, SUCCESS plus, SUCCESS speakers bureau, and SUCCESS coaching, podcasts, and digital training courses.