Compass Q1 2024 GAAP EPS $(0.27) Misses $(0.22) Estimate, Sales $1.054M Miss $1.027B Estimate
Portfolio Pulse from Benzinga Newsdesk
Compass (NYSE:COMP) reported Q1 2024 GAAP EPS of $(0.27), missing the $(0.22) estimate, with sales of $1.054M vastly missing the $1.027B estimate, marking a 99.89% decrease from the previous year.

May 08, 2024 | 9:29 pm
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NEGATIVE IMPACT
Compass reported significantly lower Q1 2024 earnings and sales, missing estimates with a drastic year-over-year sales decrease.
The substantial miss in both earnings per share and sales compared to analyst estimates, coupled with a nearly complete erosion of sales year-over-year, is likely to shake investor confidence and negatively impact Compass's stock price in the short term. The magnitude of the miss and the comparison to last year's performance highlight significant operational or market challenges that the company is facing, which could lead to downward pressure on the stock as investors reassess the company's growth prospects and financial health.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100