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Why eXp World Holdings (EXPI) Could Be Positioned for a Surge

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eXp World Holdings, Inc. (EXPI - Free Report) which provides cloud-based real estate brokerage services, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on EXPI’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that eXp World Holdings could be a solid choice for investors.

Current Quarter Estimates for EXPI

In the past 30 days, one estimate have gone higher for eXp World Holdings while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 7 cents a share 30 days ago, to 4 cents today, a move of 42.9%.

Current Year Estimates for EXPI

Meanwhile, eXp World Holdings’ current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 14 cents a share 30 days ago to a loss of 3 cents per share today, a move of 78.6%.

Bottom Line

The stock has also started to move higher lately, adding 11.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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