Compass

Compass, Inc. engages in the provision of an online real estate platform. Its platform provides an integrated suite of software for customer relationship management, marketing, client service, operations and other critical functionality, as well as brokerage services and adjacent services. The company was founded by Ori Allon and Robert Reffkin in 2012 and is headquartered in New York, NY.

Earnings data Q1 2021

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Compass reports 2022 revenue decline, eyes cost reduction for growth

Compass navigated a challenging year in real estate with a focus on cost reduction and technology enhancements. Despite market uncertainties, the company aims for free cash flow positivity in 2023, leveraging increased buyer interest and agent productivity.

Compass beats revenue targets, eyes positive cash flow in 2023

Compass showcased strong financial performance in Q1 2023, exceeding revenue guidance and improving EBITDA despite market challenges.
Strategic strengths include market share gains, cost efficiency improvements, and a focus on agent technology and culture.
Challenges lie in transaction volume decline, managing operating expenses, and navigating market recovery speed variables.
Opportunities for growth stem from market expansion, technology utilization, and maintaining cost discipline for sustained financial success.

Compass reports strong Q2 earnings, eyes cost control for growth

Compass's Q2 earnings call highlighted robust financial performance, strategic investments in technology, and a focus on agent support. Despite industry challenges, the company maintains a strong financial position and competitive edge through AI tools and global expansion. Cost control and market recovery are key focuses for future growth.

Compass reports strong Q3 performance amidst market challenges and opportunities

Compass reported strong financial performance in Q3, emphasizing cost control measures, technology enhancements, and market positioning. Despite challenges in margins and market conditions, the company remains confident in its current cost base and technology investments for future success.

Compass reports solid Q4 performance, eyes market growth in 2024

Compass showcased resilience in cost management and talent acquisition, outperforming in agent economics and market share growth.
Despite challenges in profitability, the company's focus on operational efficiencies and technology enhancements positions it for future success.
Opportunities lie in continued market outperformance, expansion of services, and strategic positioning for growth in 2024.

Compass reports robust Q1 results, eyes growth amid market challenges

Compass demonstrated financial strength and growth momentum in Q1 2024, despite market challenges.
Strategic initiatives and confidence in agents position Compass for future success and market leadership.
Focus on innovation, client experience, and operational efficiency to drive profitability and value creation.
Adaptation to industry changes and leveraging opportunities to strengthen market position and revenue growth.

Compass achieves record earnings, eyes growth amid operational optimizations

Compass reports stellar Q2 2024 performance with record income and revenue growth. Strategic focus on market share, cost efficiency, and agent economics. Challenges ahead with seasonal cash flow impacts and structural adjustments.

Compass reports stellar Q3 results, eyes market dominance by 2026

Compass's Q3 performance reflects robust growth, operational efficiency gains, and a clear strategic vision for future expansion.
The company's strengths lie in its resilience, market outperformance, and focus on long-term margin expansion strategies.
Challenges include sustaining growth rates, navigating market uncertainties, and balancing operational efficiency with growth ambitions.
Opportunities exist in leveraging structural advantages, pursuing strategic partnerships, and executing on the 30 for 30 vision for market dominance.

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Compass (COMP) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Compass (COMP) Upgraded to Strong Buy: What Does It Mean for the Stock?

Compass, Inc. (NYSE:COMP ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Kalani Reelitz - Chief Financial Officer Soham Bhonsle - Head of Investor Relations Robert Reffkin - Founder and Chief Executive Officer Conference Call Participants Matthew Bouley - Barclays Matthew Cost - Morgan Stanley Ryan McKeveny - Zelman & Associates Jason Helfstein - Oppenheimer & Co. Inc. Michael Ng - Goldman Sachs Chris Kuntarich - UBS Group AG Operator Thank you for standing by. And at this time, I would like to welcome everyone to today's Compass Incorporated Q3 2024 Financial Results Call.

Compass, Inc. (COMP) Q3 2024 Earnings Call Transcript

Compass, Inc. (COMP) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.08 per share a year ago.

Compass, Inc. (COMP) Reports Break-Even Earnings for Q3

Adjusted EBITDA Exceeds High-End of Guidance Reiterates Positive Free Cash Flow Guidance for Full Year 2024 Transactions Increased 16.1% and Quarterly Market Share Grew 49 Basis Points YoY to 4.80% NEW YORK , Oct. 30, 2024 /PRNewswire/ -- Compass, Inc. (NYSE: COMP) ("Compass" or "the Company"), the largest residential real estate brokerage in the United States by sales volume1 for the third year in a row, announced its financial results for the third quarter ended September 30, 2024. "In what remains a challenging environment for the real estate market, we grew Adjusted EBITDA significantly year-over-year and delivered a substantial improvement in free cash flow.

Compass, Inc. Reports Third Quarter 2024 Results

EVERETT, Wash., Oct. 16, 2024 (GLOBE NEWSWIRE) -- As students returned to Options High School for the 2024-25 school year, they found an exciting new addition to their campus: the initial phase of a school-based health clinic, specifically designed to support their mental wellness – the first of its kind for Bellingham Public Schools.

Compass Health delivers mental health services at first school-based health clinic in Bellingham Public Schools

NEW YORK , Oct. 8, 2024 /PRNewswire/ -- Compass, Inc. (NYSE: COMP), the largest residential real estate brokerage in the United States by sales volume 1 , announces its third quarter 2024 financial results will be released after market close on Wednesday, October 30, 2024. The company will host a conference call and webcast to discuss its results that afternoon at 5:00 p.m.

Compass to Announce Third Quarter 2024 Earnings on Wednesday, October 30

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Fast-paced Momentum Stock Compass (COMP) Is Still Trading at a Bargain

Compass has analysts bullish ahead of the real estate brokerage firm's third quarter results on increasing share gains in the weaker housing market. Oppenheimer analysts upped their price target on Compass to $8 from $6 and awarded it an ‘Outperform' rating.

Compass has analysts bullish on share gains in tough housing market

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NEW YORK , Sept. 4, 2024 /PRNewswire/ -- Compass, Inc. (NYSE: COMP) ("Compass" or "the Company"), the largest residential real estate company in the United States by sales volume 1 , announces that its CEO & Founder Robert Reffkin will speak at the Zelman Housing Summit on Thursday, September 12, 2024, at the InterContinental Hotel in Boston.

Compass CEO & Founder Robert Reffkin to Speak at Zelman Housing Summit

Shares of Compass have rallied after the company's strong Q2 earnings print, bringing YTD gains to above 20% and beating the S&P 500. Importantly, Compass CEO Robert Reffkin also claimed that Compass is seeing minimal impact from real estate rule changes that are designed to bring agent fees down. The company gained major market share in Q2, up 50bps y/y to 5.13% of the U.S. real estate market.

Compass: Amid Market Share Gains And NAR Ruling Confidence, This Stock Is A Buy

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Compass is now the nation's No. 1 real estate brokerage by sales volume.

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NEW YORK , Aug. 8, 2024 /PRNewswire/ -- Compass, Inc. (NYSE: COMP) ("Compass" or "the Company"), the largest residential real estate company in the United States by sales volume [1] , announces that its CEO & Founder Robert Reffkin will participate in Oppenheimer's 27th Annual Technology, Internet & Communications Conference. The virtual event is scheduled for Tuesday, August 13, 2024.

Compass CEO & Founder Robert Reffkin to Present at Oppenheimer's 27th Annual Technology, Internet & Communications Conference

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Compass, Inc. (NYSE:COMP ) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants Richard Simonelli - Senior & Vice President of Investor Relations Robert Reffkin - Founder & Chief Executive Officer Kalani Reelitz - Chief Financial Officer Conference Call Participants Matthew Bouley - Barclays Jason Helfstein - Oppenheimer Bernie McTernan - Needham & Company Soham Bhonsle - BTIG Michael Ng - Goldman Sachs Ryan McKeveny - Zelman & Associates Operator Ladies and gentlemen, thank you for standing by. My name is Aaron, and I will be your conference operator for today.

Compass, Inc. (COMP) Q2 2024 Earnings Call Transcript

Compass, Inc. (COMP) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.10 per share a year ago.

Compass, Inc. (COMP) Q2 Earnings and Revenues Beat Estimates

All-Time High Net Income of $20.7 million All-Time High Adjusted EBITDA of $77.4 million Free Cash Flow Positive for 4 of the Last 5 Quarters Increased Quarterly Market Share to 5.13% NEW YORK , July 31, 2024 /PRNewswire/ -- Compass, Inc. (NYSE: COMP) ("Compass" or "the Company"), the largest residential real estate brokerage in the United States by sales volume1 for the third year in a row, announced its financial results for the second quarter ended June 30, 2024. "In light of a quarter where the real estate market saw historically low volume, I am particularly pleased that we achieved all-time high net income, all-time high Adjusted EBITDA, and generated positive free cash flow for the quarter, making the Company free cash flow positive in 4 of the last 5 quarters," said Robert Reffkin, Founder and Chief Executive Officer of Compass.

Compass, Inc. Reports Strong Second Quarter 2024 Results

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Compass (COMP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Compass, Inc. (COMP) Earnings Expected to Grow: Should You Buy?

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NEW YORK , July 1, 2024 /PRNewswire/ -- Compass, Inc. (NYSE: COMP), the largest residential real estate brokerage in the United States by sales volume 1 , announces its second quarter 2024 financial results will be released after market close on Wednesday, July 31, 2024. The company will host a conference call and webcast to discuss its results that afternoon at 5:00 p.m.

Compass to Announce Second Quarter 2024 Earnings on Wednesday, July 31

Compass, Inc. is a strong player in the real estate agency market with a large group of high-caliber agents and the technology tools to make them effective. The company came public during the hype of 2021 with unrealistic growth expectations and an unsustainable economic model. Compass has been aggressively rightsizing the cost structure while continuing to add agents, and appears very focused on free cash flow and protecting a strong balance sheet.

News for Compass Stock (COMP)