NYSE$COMP
Compass Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Compass increased agent count and market share, while also reducing operating expenses.
Compass reported a 1% year-over-year revenue decrease to $1.1 billion in Q4 2023. The company grew agent count and market share year-over-year and quarter-over-quarter. They anticipate being free cash flow positive for the full year 2024.
- Revenue decreased by 1% year-over-year to $1.1 billion.
- GAAP Net loss improved by 47% to $83.7 million.
- Adjusted EBITDA improved by 69% to ($23.7) million.
- National market share increased to 4.41%.
Headline financials
Revenue & EPS history
Compass · Revenue · Quarterly
$1.1B
Forward guidance
Compass anticipates Q1 2024 revenue between $975 million and $1,075 million and adjusted EBITDA between negative $22 million and negative $40 million. For FY 2024, they expect non-GAAP OPEX of $855 million - $875 million and to be free cash flow positive.
Tailwinds
- Revenue of $975 million to $1,075 million (Q1 2024)
- Adjusted EBITDA of negative $22 million to negative $40 million (Q1 2024)
- Non-GAAP OPEX of $855 million - $875 million (FY 2024)
- Expects to be free cash flow positive for full year 2024
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2023
+8.7%
Avg return
Earnings day
+6.9%
Avg return
5 days after
+3.5%
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% | -11.9% | |
| 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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