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Review of Q3 Earnings for Real Estate Services Stocks: eXp World vs the Competition The recent Q3 earnings season has wrapped up, providing insight into the performance of real estate services stocks like eXp World (NASDAQ:EXPI) and its peers. Technology's impact on the industry is multifaceted - while it expands information dissemination and boosts transaction chances, it also threatens to disrupt traditional players who rely on information asymmetries. The 14 tracked real estate services stocks reported a solid Q3, with revenues beating consensus estimates by 1.6% but next quarter's guidance falling short by 7.8%. Share prices have held steady, increasing an average of 1.8% since the latest earnings results.

    eXp World (NASDAQ:EXPI), founded in 2009, is a cloud-based real estate brokerage known for its virtual approach. The company reported $1.23 billion in revenues, up 1.5% year on year but missing analysts' expectations by 3.4%. This led to a softer quarter with significant misses of adjusted operating income and EPS estimates. As a result, the stock is down 4.6% since reporting, trading at $13.73.

    In contrast, The Real Brokerage (NASDAQ:REAX), founded in Toronto in 2014, reported revenues of $372.5 million, up 73.5% year on year and outperforming analysts' expectations by 7.4%. This impressive quarter was marked by a solid beat of EPS and EBITDA estimates, making it the fastest-growing revenue among its peers. Despite this, the stock is down 7.6% since reporting, trading at $5.21.

    Anywhere Real Estate (NYSE:HOUS), formerly known as Realogy Holdings, reported revenues of $1.54 billion, down 3.1% year on year and missing analysts' expectations by 5.7%. This disappointing quarter was marked by a miss of transacted dollars and adjusted operating income estimates.