Compass (COMP) to Release Earnings on Wednesday

Compass (NYSE:COMP) will release its earnings data 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.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Compass (NYSE:COMP) last announced its earnings results on Wednesday, July 31st. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations 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 earned ($0.10) EPS. On average, analysts expect Compass to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Compass Stock Performance

Shares of NYSE:COMP opened at $5.64 on Monday. The business’s fifty day moving average price is $5.75 and its two-hundred day moving average price is $4.53. The stock has a market cap of $2.79 billion, a PE ratio of -9.10 and a beta of 2.93. Compass has a one year low of $1.82 and a one year high of $6.78.

Insider Buying and Selling

In related news, CEO Robert L. Reffkin sold 27,664 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $4.17, for a total value of $115,358.88. Following the transaction, the chief executive officer now directly owns 393,486 shares of the company’s stock, valued at approximately $1,640,836.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Compass news, CEO Robert L. Reffkin sold 55,698 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $5.91, for a total value of $329,175.18. Following the transaction, the chief executive officer now directly owns 944,302 shares of the company’s stock, valued at $5,580,824.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert L. Reffkin sold 27,664 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $4.17, for a total value of $115,358.88. Following the completion of the transaction, the chief executive officer now directly owns 393,486 shares in the company, valued at $1,640,836.62. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,267,261 shares of company stock valued at $56,222,967. 6.25% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Barclays increased their target price on Compass from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Oppenheimer increased their target price on Compass from $6.00 to $8.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. UBS Group increased their target price on Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group raised their price objective on Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC raised their price objective on Compass from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.78.

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.