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Stock impact report

A Look Back at Real Estate Services Stocks' Q3 Earnings: eXp World (NASDAQ:EXPI) Vs The Rest Of The Pack [Yahoo! Finance]

eXp World Holdings, Inc. (EXPI) 
NASDAQ:AMEX Investor Relations: expworldholdings.com
Company Research Source: Yahoo! Finance
Technology has been a double-edged sword in real estate services. On the one hand, internet listings are effective at disseminating information far and wide, casting a wide net for buyers and sellers to increase the chances of transactions. On the other hand, digitization in the real estate market could potentially disintermediate key players like agents who use information asymmetries to their advantage. The 14 real estate services stocks we track reported a satisfactory Q3. As a group, revenues beat analysts' consensus estimates by 1.6% while next quarter's revenue guidance was 7.8% below. In light of this news, share prices of the companies have held steady as they are up 1.8% on average since the latest earnings results. Founded in 2009, eXp World (NASDAQ:EXPI) is a real estate company known for its virtual, cloud-based approach to real estate brokerage. eXp World reported revenues of $1.23 billion, up 1.5% year on year. This print fell short of analysts' expectations by Show less Read more
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