Compass falls after forecasting Q2 revenue below estimates; brokerages cut PT

Compass

09/05/2025 16:57

** Home brokerage Compass Inc COMP.N slumps over 17% to $6.39

** COMP on Thursday said it expects Q2 revenue in the range of $2 billion to $2.15 billion, the midpoint of which is below analysts' estimate of $2.12 billion, according to data compiled by LSEG

** Company posted Q1 revenue of $1.36 billion, which was also below estimate of $1.42 billion

** Brokerage Oppenheimer cuts COMP's PT to $12 from $13 on tariff uncertainty that is driving lower volumes

** Barclays cuts PT to $8 from $9; says COMP was not immune to the market conditions during 1Q, with volatility mounting in March and April

** As of last close, COMP has risen 32% YTD

 (Reporting by Juby Babu in Mexico City)

 ((Juby.Babu@thomsonreuters.com;))