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

Compass, Inc. (NYSE:COMPGet Rating) – Oppenheimer decreased their Q2 2022 earnings per share estimates for Compass in a report released on Tuesday, June 14th. Oppenheimer analyst J. Helfstein now forecasts that the company will post earnings of ($0.24) per share for the quarter, down from their prior forecast of ($0.19). 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 ($0.92) per share. Oppenheimer also issued estimates for Compass’ Q4 2022 earnings at ($0.19) EPS, FY2022 earnings at ($1.03) EPS, FY2023 earnings at ($0.27) EPS, FY2024 earnings at $0.48 EPS and FY2025 earnings at $0.82 EPS.

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

COMP has been the topic of a number of other reports. Zelman & Associates assumed coverage on Compass in a research report on Friday, April 22nd. They set a “hold” rating on the stock. Needham & Company LLC lowered their price objective on Compass from $18.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, February 17th. Finally, The Goldman Sachs Group lowered their price objective on Compass from $12.00 to $10.50 and set a “buy” rating on the stock in a research report on Tuesday, April 19th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $14.69.

COMP opened at $3.60 on Friday. Compass has a 1 year low of $3.58 and a 1 year high of $17.70. The stock’s 50 day simple moving average is $5.61 and its 200-day simple moving average is $7.35.

In other Compass news, Director Frank Martell acquired 30,000 shares of Compass stock in a transaction on Monday, May 16th. The shares were bought 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 in the company, valued at $161,700. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 17.70% of the company’s stock.

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 and Estimates for Compass (NYSE:COMP)

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