Compass (COMP) Scheduled to Post Earnings on Wednesday

Compass (NYSE:COMP) is scheduled to be releasing 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 interested in participating in the company’s earnings conference call can do so using this link.

Compass (NYSE:COMP) last announced its quarterly 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 company had revenue of $1.70 billion during 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 period in the prior year, the business posted ($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 Price Performance

Shares of COMP stock opened at $5.66 on Tuesday. The stock has a 50-day moving average of $5.76 and a 200-day moving average of $4.54. Compass has a one year low of $1.82 and a one year high of $6.78. The stock has a market cap of $2.80 billion, a PE ratio of -9.12 and a beta of 2.93.

Wall Street Analyst Weigh In

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

Insider Transactions at Compass

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

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.