Compass (COMP) Set to Announce Quarterly Earnings on Wednesday

Compass (NYSE:COMP) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Compass to post earnings of ($0.03) per share for the quarter. Compass has set its Q3 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Compass (NYSE:COMP) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.65 billion. Compass had a negative return on equity of 57.23% and a negative net margin of 4.53%. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. On average, analysts expect Compass to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Compass Stock Up 1.1 %

Shares of COMP stock opened at $5.70 on Wednesday. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of -9.19 and a beta of 2.93. Compass has a 12 month low of $1.82 and a 12 month high of $6.78. The stock has a 50-day moving average price of $5.66 and a 200 day moving average price of $4.48.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on COMP. The Goldman Sachs Group increased their price objective on shares of Compass from $4.00 to $4.50 and gave the company a “buy” rating in a report on Thursday, August 1st. UBS Group increased their price target on Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday. Barclays lifted their price objective on Compass from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Gordon Haskett raised Compass from an “underperform” rating to a “hold” rating and increased their target price for the company from $3.00 to $3.75 in a research note on Tuesday, June 25th. Finally, Oppenheimer boosted their target price on Compass from $6.00 to $8.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 24th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Compass has an average rating of “Hold” and a consensus price target of $4.78.

Insiders Place Their Bets

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of Compass stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the transaction, the insider now owns 68,070,273 shares in the company, valued at $424,758,503.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Robert L. Reffkin sold 164,514 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $4.90, for a total value of $806,118.60. Following the sale, the chief executive officer now directly owns 835,486 shares of the company’s stock, valued at approximately $4,093,881.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $6.24, for a total value of $46,800,000.00. Following the transaction, the insider now owns 68,070,273 shares of the company’s stock, valued at approximately $424,758,503.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,267,261 shares of company stock worth $56,222,967 over the last ninety days. 6.25% of the stock is currently owned by corporate insiders.

About Compass

Compass, Inc provides real estate brokerage services in the United States. It operates a cloud-based platform that provides an integrated suite of software for customer relationship management, marketing, client service, operations, and other functionality in the real estate industry. The company offers mobile apps that allow agents to manage their business anytime and anywhere, as well as designs consumer-grade user interfaces, automated and simplified workflows for agent-client interactions, and insight-rich dashboards and reports.