NYSE$COMP
Compass Inc. · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Compass reported a 47% increase in revenue, positive Adjusted EBITDA, and raised FY 2021 guidance.
Compass, Inc. announced its Q3 2021 consolidated financial results, with revenue growing 47% year-over-year to $1.74 billion. The company reported a GAAP Net Loss of $100 million and an Adjusted EBITDA of $12 million. Compass's technology and services platform facilitated a 36% transaction growth compared to the prior year.
- Revenue increased by 47% year-over-year to $1.74 billion.
- GAAP Net Loss was $(100) million.
- Adjusted EBITDA was $12 million.
- Total Transactions increased 36% year-over-year.
Headline financials
Revenue & EPS history
Compass · Revenue · Quarterly
$1.74B
Forward guidance
Compass provided guidance for Q4 2021 and FY2021.
Tailwinds
- FY2021 Revenue of $6.375 billion to $6.425 billion, compared to prior guidance of $6.15 billion to $6.35 billion.
- FY2021 Adjusted EBITDA of $(25) million to $(5) million, compared to prior guidance of $(85) million to $(45) million.
- We remain confident in achieving Adjusted EBITDA profitability in 2022.
- Compass expanded its Title & Escrow offering into 4 new states, increasing our coverage to approximately half of our Total Transaction volume, effectively giving us more opportunities to drive incremental revenue on each of our transactions.
- OriginPoint has obtained the required licenses to provide mortgage services in 6 states to date, is hiring loan officers, and has set up its first warehouse line of credit.
Headwinds
- 4Q21 Revenue of $1.575 billion to $1.625 billion.
- 4Q21 Adjusted EBITDA of $(75) million to $(55) million.
- GAAP Net Loss was $(100) million, compared to $(14) million in 3Q20.
- GAAP Net Loss margin was (5.7%), compared to (1.1%) in 3Q20.
- Adjusted EBITDA margin was 0.7%, compared to 0.9% in 3Q20.
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 Q3 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 | — | — | — |
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