Why Compass Stock Was Moving Higher This Week
Shares of Compass (NYSE: COMP), the nation's largest real estate brokerage, were climbing this week after the company delivered better-than-expected results in its fourth-quarter earnings report and gained market share in a challenging real estate environment.While the company is still losing money on a generally accepted accounting principles (GAAP) basis, it did report a profit on adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), and its market-share gains bode well for the future.According to data from S&P Global Market Intelligence, the stock was up 15% for the week as of Friday at 2:14 p.m. ET.Continue reading
Shares of Compass (NYSE: COMP), the nation's largest real estate brokerage, were climbing this week after the company delivered better-than-expected results in its fourth-quarter earnings report and gained market share in a challenging real estate environment.
While the company is still losing money on a generally accepted accounting principles (GAAP) basis, it did report a profit on adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), and its market-share gains bode well for the future.
According to data from S&P Global Market Intelligence, the stock was up 15% for the week as of Friday at 2:14 p.m. ET.
