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Compass (COMP)
NYSE:COMP
Holding COMP?
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.09Last Year’s EPS
-$0.17Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 12.05%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call highlights strong growth in market share, agent recruitment, and financial performance with increasing revenue and transactions, despite some challenges in commission expenses and expected seasonal cash flow variations.Company Guidance
During the Compass Q3 2024 earnings call, the company provided guidance for the fourth quarter and the full year. Compass expects Q4 revenue to range from $1.225 billion to $1.325 billion, with an adjusted EBITDA between $0 to $10 million. For the full year 2024, revenue is anticipated to be between $5.47 billion and $5.57 billion, while adjusted EBITDA is projected to range from $109 million to $119 million. The company also reaffirmed its expectation to maintain positive free cash flow for the entire year, despite anticipating a negative free cash flow in Q4 due to seasonal business cycles. Operating expenses for 2024 are forecasted to fall within $876 million to $896 million, with a trend towards the lower end of this range. Additionally, Compass highlighted its ongoing strategic initiatives, including a focus on maintaining a 3% to 4% annual growth in operating expenses, recruiting high-performing agents, and enhancing margins through integrated services.Record Market Share Growth
Compass increased quarterly market share to 4.8%, up 49 basis points from Q3 2023.
Significant Agent Growth
Compass recruited over 750 principal agents organically in Q3, marking the highest quarter of organic agent count growth since 2021. Year-over-year, principal agent count grew by 20%.
Positive Free Cash Flow and EBITDA
Compass generated positive free cash flow of $32.8 million for the third quarter in a row and achieved an adjusted EBITDA of $52 million, up 139% from $21.8 million in Q3 2023.
Revenue and Transaction Increase
Revenue in Q3 increased by 11.7% year-over-year to $1.5 billion, and transactions increased by 16.1% compared to market decline of 1.9%.
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COMP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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COMP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $5.56 | $6.35 | +14.21% |
| Jul 31, 2024 | $4.39 | $4.26 | -2.96% |
| May 08, 2024 | $3.28 | $4.06 | +23.78% |
| Feb 27, 2024 | $3.42 | $3.83 | +11.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Compass (COMP) report earnings?
Compass (COMP) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Compass (COMP) earnings time?
Compass (COMP) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is COMP EPS forecast?
COMP EPS forecast for the fiscal quarter 2024 (Q4) is -$0.09.
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