NYSE$COMP
Compass Inc. · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Compass's performance improved with significant revenue growth and increased agent productivity.
Compass reported a record quarter with a 186% year-over-year increase in revenue to $1.95 billion. The company nearly doubled its market share and achieved Adjusted EBITDA profitability.
- Revenue increased by 186% year-over-year to $1.95 billion.
- GAAP Net Loss was $(7) million, improved from $(84) million in Q2 2020.
- Adjusted EBITDA was a record $71 million, compared to $(56) million in Q2 2020.
- Compass agents closed a record 65,743 total transactions, up 140% year-over-year.
Headline financials
Revenue & EPS history
Compass · Revenue · Quarterly
$1.95B
Forward guidance
Compass provided guidance for Q3 2021 and FY2021, including revenue and Adjusted EBITDA expectations.
Tailwinds
- 3Q21 Revenue of $1.65 billion to $1.75 billion.
- FY2021 Revenue of $6.15 billion to $6.35 billion, compared to prior guidance of $5.35 billion to $5.55 billion.
- FY2021 Adjusted EBITDA of $(85) million to $(45) million, compared to prior guidance of $(245) million to $(225) million.
- Demonstrated confidence in achieving Adjusted EBITDA profitability in 2022.
- Company expects to cover markets comprising roughly half of total transactions by the end of 2021.
Headwinds
- 3Q21 Adjusted EBITDA of $(20) million to $0 million.
- Risks related to general economic conditions and the real estate industry.
- Uncertainties related to the impact of COVID-19 on the business.
- Risks associated with attracting and retaining agents.
- Potential impact of monetary policies and fluctuations in quarterly results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2021
+8.7%
Avg return
Earnings day
+6.9%
Avg return
5 days after
+4.2%
Avg return
30 days after
48%
10 / 21 earnings
Positive
+89.2%
Q3 2022
Best reaction
-18.8%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.2% | -7.2% | — | |
| Q4 2025 | -2.7% | -5.1% | -29.2% | |
| Q3 2025 | +7.7% | +9.9% | +33.7% | |
| Q1 2025 | -18.8% | -18.0% | -18.6% | |
| Q4 2024 | +28.3% | +14.0% | +17.7% | |
| Q3 2024 | +17.6% | +23.3% | +31.3% | |
| Q2 2024 | -4.5% | -4.5% | +15.0% | |
| Q1 2024 | +19.4% | +21.2% | +5.9% | |
| Q4 2023 | +15.4% | +16.0% | +8.4% | |
| Q3 2023 | -5.5% | -10.5% | +21.5% | |
| Q2 2023 | -5.2% | -8.4% | -13.5% | |
| Q1 2023 | +43.2% | +38.6% | +39.0% | |
| Q4 2022 | -14.8% | -4.7% | -14.2% | |
| Q3 2022 | +89.2% | +84.9% | +38.9% | |
| Q2 2022 | -5.3% | -23.0% | -34.9% | |
| Q1 2022 | +29.5% | +27.3% | +26.8% | |
| Q4 2021 | +1.8% | -5.7% | -23.3% | |
| Q3 2021 | -8.7% | -10.9% | -17.7% | |
| Q2 2021 | +9.8% | +18.7% | +3.2% | |
| Q4 2020 | -2.1% | -1.7% | +0.6% | |
| Q1 2021 | -11.5% | -8.8% | -5.8% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro