Compass (NYSE:COMP) Posts Earnings Results, Beats Expectations By $0.03 EPS

Compass (NYSE:COMP) released its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03, Zacks reports. The company 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 56.79% and a negative net margin of 4.53%. During the same period in the previous year, the company posted ($0.10) EPS. Compass updated its Q3 2024 guidance to EPS.

Compass Stock Up 0.5 %

NYSE COMP traded up $0.02 during trading hours on Friday, reaching $4.28. The company’s stock had a trading volume of 6,670,662 shares, compared to its average volume of 4,517,129. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of -6.91 and a beta of 2.89. Compass has a 1 year low of $1.82 and a 1 year high of $4.89. The firm’s 50-day moving average price is $3.90 and its 200-day moving average price is $3.70.

Insider Transactions at Compass

In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 16,900,000 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $4.30, for a total transaction of $72,670,000.00. Following the sale, the insider now owns 75,570,273 shares in the company, valued at approximately $324,952,173.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.25% of the company’s stock.

Analysts Set New Price Targets

COMP has been the topic of a number of research analyst reports. UBS Group upped their target price on Compass from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. Needham & Company LLC increased their price objective on Compass from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday. Gordon Haskett upgraded Compass from an “underperform” rating to a “hold” rating and increased their price objective for the company from $3.00 to $3.75 in a research report on Tuesday, June 25th. The Goldman Sachs Group increased their price objective on Compass from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Thursday. Finally, Oppenheimer restated an “outperform” rating and set a $6.00 target price on shares of Compass in a report on Wednesday, June 26th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Compass presently has a consensus rating of “Hold” and a consensus target price of $4.28.

Compass Company Profile

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.