NYSE:COMPReal Estate
Compass (COMP) Stock Surges On Record Revenue And Early Synergies
Compass came into this earnings print already on a tear, with the stock up about 47% over the past three months, and the market added another 6.9% on the day. That kind of move only sticks if the quarter backs it up. The headline here is simple. Compass turned in record Q2 revenue of US$4.3b and delivered adjusted earnings that pushed the trailing price tag to a rich 142x P/E.
For a brokerage platform long viewed as a high-growth, low-profit story, this report puts profitability and leverage...