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

Exp World (NASDAQ:AGNT) released its earnings results on Thursday. The technology company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10), FiscalAI reports. The company had revenue of $1.39 billion during the quarter. Exp World had a negative net margin of 0.35% and a negative return on equity of 5.43%. Exp World’s revenue for the quarter 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 Price Performance

NASDAQ AGNT opened at $3.10 on Friday. The business’s fifty day moving average is $3.86 and its 200-day moving average is $5.32. The stock has a market capitalization of $509.39 million, a price-to-earnings ratio of -19.38 and a beta of 1.94. Exp World has a one year low of $3.08 and a one year high of $12.23.

Insider Activity at Exp World

In other Exp World news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $3.68, for a total transaction of $31,991,307.20. Following the sale, the insider directly owned 18,037,824 shares in the company, valued at $66,379,192.32. This represents a 32.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 26.59% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System acquired a new position in shares of Exp World in the first quarter valued at approximately $241,000. Commonwealth Financial Services LLC acquired a new position in Exp World in the first quarter valued at about $111,000. SEB Asset Management AB bought a new position in Exp World in the 1st quarter valued at about $587,000. Illinois Municipal Retirement Fund boosted its position in Exp World by 3.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock worth $324,000 after buying an additional 1,872 shares during the period. Finally, Cim Investment Management Inc. bought a new position in shares of Exp World during the second quarter valued at about $136,000. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AGNT has been the subject of a number of research reports. Zacks Research raised shares of Exp World from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 23rd. Wall Street Zen lowered shares of Exp World from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Weiss Ratings lowered Exp World from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 25th. DA Davidson reduced their price target on Exp World from $6.50 to $4.75 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Finally, Citizens Jmp started coverage on shares of Exp World in a research note on Wednesday, October 14th. They issued a “market outperform” rating and a $6.00 price objective for the company. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $5.38.

Exp World Company Profile

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.