Yahoo Finance Compass (COMP) Q2 Earnings: What To Expect
Real estate technology company Compass (NYSE:COMP) will be reporting results tomorrow after market close. Here's what you need to know.
Compass beat analysts' revenue expectations by 2.2% last quarter, reporting revenues of $1.05 billion, up 10.1% year on year. It was a mixed quarter for the company, with revenue guidance for next quarter beating analysts' expectations but a miss of analysts' earnings estimates.
Is Compass a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Compass's revenue to grow 10.1% year on year to $1.65 billion, a reversal from the 26% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.06 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Compass has missed Wall Street's revenue estimates four times over the last two years.
Looking at Compass's peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Cushman & Wakefield's revenues decreased 4.9% year on year, missing analysts' expectations by 2.9%, and CBRE reported revenues up 8.7%, in line with consensus estimates. CBRE traded up 12.5% following the results.
Read our full analysis of Cushman & Wakefield's results here and CBRE's results here.
There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 11.2% on average over the last month. Compass is up 31% during the same time and is heading into earnings with an average analyst price target of $4.4 (compared to the current share price of $4.4).
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