Oppenheimer Analysts Raise Earnings Estimates for Compass, Inc. (NYSE:COMP)

Compass, Inc. (NYSE:COMP – Get Rating) – Research analysts at Oppenheimer lifted their Q3 2022 earnings per share (EPS) estimates for Compass in a note issued to investors on Tuesday, August 2nd. Oppenheimer analyst J. Helfstein now expects that the company will post earnings per share of ($0.15) for the quarter, up from their prior forecast of ($0.16). Oppenheimer currently has a “Outperform” rating and a $8.00 target price on the stock. The consensus estimate for Compass’ current full-year earnings is ($1.00) per share. Oppenheimer also issued estimates for Compass’ Q4 2022 earnings at ($0.17) EPS, FY2022 earnings at ($0.99) EPS, FY2023 earnings at ($0.36) EPS and FY2024 earnings at $0.26 EPS.

Compass (NYSE:COMP – Get Rating) last issued its quarterly earnings data on Thursday, May 12th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.02. Compass had a negative return on equity of 49.99% and a negative net margin of 7.01%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the company earned ($0.50) earnings per share. The firm’s revenue was up 25.7% compared to the same quarter last year.

Several other equities research analysts have also recently commented on the company. Zelman & Associates started coverage on Compass in a research note on Friday, April 22nd. They set a “hold” rating for the company. Compass Point started coverage on Compass in a research note on Tuesday, June 21st. They set a “buy” rating and a $8.00 target price for the company. Morgan Stanley cut Compass from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $7.00 to $5.00 in a research note on Thursday, July 21st. Finally, The Goldman Sachs Group decreased their target price on Compass from $12.00 to $10.50 and set a “buy” rating for the company in a research note on Tuesday, April 19th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.06.

Compass Price Performance

Shares of COMP opened at $4.10 on Friday. Compass has a 1 year low of $3.32 and a 1 year high of $17.70. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of -3.57 and a beta of 2.15. The business has a 50-day moving average of $4.44 and a 200-day moving average of $6.04.

Insider Buying and Selling at Compass

In other news, Director Frank Martell acquired 30,000 shares of Compass stock in a transaction on Monday, May 16th. The stock was purchased at an average price of $5.39 per share, with a total value of $161,700.00. Following the completion of the purchase, the director now owns 30,000 shares of the company’s stock, valued at approximately $161,700. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 17.70% of the company’s stock.

About Compass

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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.

Further Reading

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