Compass (COMP) Reports Earnings Tomorrow: What To Expect - The Chronicle-Journal
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Real estate technology company Compass ( NYSE: COMP ) will be reporting earnings this Tuesday after market close. Here's what to expect. Compass beat analysts' revenue expectations last quarter, reporting revenues of $2.70 billion, up 99.4% year on year. It was an exceptional quarter for the company, with EBITDA guidance for next quarter exceeding analysts' expectations and a beat of analysts' EPS estimates. It reported 99,504 transactions, up 103% year on year. Is Compass a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Compass's revenue to grow 99.6% year on year, improving from the 21.1% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Compass has missed Wall Street's revenue estimates multiple times over the last two years. Looking at Compass's peers in the consumer discretionary - real estate services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. JLL delivered year-on-year revenue growth of 10.8%, beating analysts' expectations by 1.5%, and CBRE reported revenues up 15.2%, in line with consensus estimates. JLL traded up 4.4% following the results while...
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