Compass (COMP) Set to Announce Quarterly Earnings on Wednesday

Compass (NYSE:COMP) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect Compass to post earnings of ($0.20) per share for the quarter. Compass has set its Q1 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Compass (NYSE:COMP) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.17) EPS for the quarter, meeting the consensus estimate of ($0.17). Compass had a negative net margin of 6.58% and a negative return on equity of 70.51%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the firm earned ($0.36) 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 Price Performance

COMP stock opened at $3.36 on Tuesday. The company has a 50 day moving average price of $3.48 and a 200 day moving average price of $3.14. Compass has a fifty-two week low of $1.82 and a fifty-two week high of $4.49. The stock has a market capitalization of $1.65 billion, a PE ratio of -4.93 and a beta of 2.87.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group boosted their target price on Compass from $3.50 to $4.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Gordon Haskett downgraded shares of Compass from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $2.75 to $2.25 in a research note on Wednesday, February 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 target price on shares of Compass in a report on Wednesday, February 28th. UBS Group upped their target price on shares of Compass from $2.25 to $3.50 and gave the company a “neutral” rating in a research report on Friday, March 1st. Finally, Barclays raised their price target on Compass from $2.50 to $4.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Compass presently has a consensus rating of “Hold” and a consensus price target of $3.78.

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.