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s the Q4 earnings season comes to a close, let's dissect the standout performers in real estate services, including eXp World (NASDAQ:EXPI) and its peers. The industry has been grappling with the dual impact of technology - on one hand, it expands market reach through internet listings, increasing transaction chances; on the other, it threatens traditional players who rely on information asymmetries.
The 13 real estate services stocks we track collectively reported a solid Q4, beating analysts' consensus estimates by 5.5% in revenue while falling short of next quarter's guidance by 1.2%. Despite this, their share prices have taken a hit, averaging a 17.9% decline since the latest earnings results.
eXp World (NASDAQ:EXPI), founded in 2009, has revolutionized real estate brokerage with its cloud-based, virtual approach. The company's Q4 revenues of $1.10 billion marked an 11.9% year-over-year increase, surpassing analysts' expectations by 6.5%. eXp World's impressive EBITDA beat was a testament to its agent-centric platform offering limitless growth opportunities.
"We redefine what's possible in real estate," said Glenn Sanford, eXp World Holdings Founder, Chairman and CEO. "Our platform empowers agents with unlimited potential." Despite a post-earnings dip of 18%, the stock currently trades at $9.32. Is this the right moment to invest in eXp World? Access our comprehensive analysis for free.
The Real Brokerage (NASDAQ:REAX), founded in Toronto, Canada in 2014, has been making waves with its tech-driven approach and agent-centric philosophy. The company's Q4 revenues of $350.6 million soared 93.4% year-over-year, outpacing analysts' expectations by 16.8%. This remarkable quarter saw impressive beats in EPS and EBITDA estimates.
The Real Brokerage delivered the fastest revenue growth among its peers, with a post-earnings decline of 11.6%. The stock currently trades at $4.38. Is this an opportune time to invest in The Real Brokerage? Access our full analysis for free.
Offerpad (NYSE:OPAD), known for providing cash offers within 24 hours, operates a tech-enabled platform specializing in direct home buying and selling solutions.
