Yesterday, Fundamental
Research Corp., an independent research firm specializing in the small-cap and
microcap sectors, announced the release of an updated analysis on eXp World
Holdings, Inc. (OTCQB: EXPI). The new analysis, which includes upward revisions
from Fundamental Research Corp.’s original report released in April of this
year, highlights EXPI’s strong fiscal performance in the second quarter of
2016, healthy balance sheet and recent independent additions to its board of
directors as reasons prospective investors may want to take a second look at
the company.
“We are raising our revenue
forecast for 2016 from $40.50 million to $48.94 million, and for 2017 from
$72.00 million to $82.50 million,” reads the Fundamental Research Corp. report.
“We are also raising our long-term forecasts. In our previous models, we had
assumed growth to 10,000 members by 2020. We are now extending our models based
on the assumption that membership will increase to 15,000 by 2022.”
To view the full report,
visit http://nnw.fm/QC5eP
Taking a quick look at
EXPI’s progress toward expanding its presence in the North American real estate
market in recent months, Fundamental Research Corp.’s decision to revise its
previous growth forecasts comes as no surprise. Since the original report in
April, EXPI has successfully commenced real estate brokerage operations in
seven new states and the District of Columbia. In total, the company’s
Agent-Owned Cloud Brokerage® is currently operational in 41 states; Alberta,
Canada; and Washington, D.C. Alongside its entry into new jurisdictions, eXp
Realty, the real estate brokerage division of EXPI, has had tremendous success
in recruiting real estate professionals to its growing family of agents and
brokers. In a news release from earlier this month, the company reported more
than 1,580 agents across all of its markets, up from just 864 at the beginning
of 2016.
The rapid growth of its real
estate brokerage division has also spurred strong fiscal results for EXPI in
recent months. On August 15, the company released its second quarter results,
which included revenues of more than $13.2 million, a year-over-year increase
of 137 percent. This coincided with a 111 percent year-over-year increase to
eXp Realty’s agent count. EXPI’s cash position was also strengthened during the
second quarter, with cash and cash equivalents up 207 percent from June 2015.
Glenn Sanford, chairman and chief executive officer of EXPI, summed up these
results in a recent news release.
“eXp Realty continues to
experience accelerated growth in agent count and in revenues as a result of our
commitment to agent ownership, agent support, and agent engagement,” he stated.
For more information, visit
the company’s website at www.eXpWorldHoldings.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment