Compass (NYSE:COMP) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Compass (NYSE:COMPGet Rating) announced its earnings results on Friday. The company reported ($0.45) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.03, MarketWatch Earnings reports. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Compass had a negative return on equity of 47.72% and a negative net margin of 7.01%. Compass’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.50) earnings per share.

Shares of COMP traded up $0.98 during midday trading on Friday, reaching $5.45. The stock had a trading volume of 17,016,232 shares, compared to its average volume of 3,430,717. The company’s 50-day moving average is $6.37 and its 200 day moving average is $8.28. Compass has a 12-month low of $3.76 and a 12-month high of $17.70. The company has a market capitalization of $2.25 billion and a price-to-earnings ratio of -4.74.

A number of brokerages recently commented on COMP. Zacks Investment Research lowered Compass from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. Zelman & Associates began coverage on Compass in a report on Friday, April 22nd. They set a “hold” rating on the stock. The Goldman Sachs Group dropped their price target on Compass from $12.00 to $10.50 and set a “buy” rating on the stock in a report on Tuesday, April 19th. Needham & Company LLC dropped their price target on Compass from $18.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, February 17th. Finally, Morgan Stanley dropped their price target on Compass from $24.00 to $22.00 in a report on Wednesday, January 19th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $14.66.

Compass Company Profile (Get Rating)

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, as well as brokerage and adjacent services in the real estate industry.

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Earnings History for Compass (NYSE:COMP)

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