For years, headlines have clamored on the weakness of the U.S. real estate industry, which has been left battered after a rush of moving during COVID and stubbornly high long-term interest rates. Yet, despite overall industry headwinds, Compass ( COMPWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a ...

Compass (NYSE:COMP) Q3 2025 Earnings Call November 04, 2025 08:30 AM ET Speaker2Ladies and gentlemen, thank you for joining us, and welcome to the Compass Inc. 2025 Q3 earnings call. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please raise your hand. If you have dialed into today's call, please press star nine to raise your hand and star six to unmute. I will now hand the conference over to Soham Bhonsle, Head of Investor Relations. Soham, ...

Compass, Inc. (COMP) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +50.00%. A quarter ago, it was expected that this company would post earnings of $0.07 per share when it actually produced earnings of $0.07, delivering no surprise.Over the last four quarters, the company has surpasse ...

Q3 2025 Business Update & Supplementary Information | 1 | | --- | This presentation includes forward-looking statements, which are statements other than statements of historical facts, and statements in the future tense. These statements include, but are not limited to, statements regarding our future performance, including expected financial results for the fourth quarter of 2025, planned non-GAAP OPEX and free cash flow expectations for the full year of 2025, and our expectations for operational achieveme ...

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Exhibit 99.1 Compass, Inc. Reports Record Third Quarter 2025 Results A reconciliation of GAAP to Non-GAAP measures can be found within the financial statement tables included in this press release. 2 A reconciliation of GAAP to Non-GAAP measures can be found within the financial statement tables included in this press release. 3 Organic transactions excludes transactions attributable to acquisitions completed since July 1, 2024, the beginning of the prior year comparable quarter. 4 Revenue Grew 23.6% YoY; A ...

Scott Wahlers, Chief Financial Officer of Compass, said, "I'm very pleased with our financial and operational execution this quarter, which resulted in record Q3 results. We delivered $1.85 billion in revenue, meeting the high-end of our guidance range, and a robust 23.6% growth year-over-year. Additionally, we generated Adjusted EBITDA of $93.6 million, an increase of 80% from $52 million in the year-ago quarter, which reflects the highest Adjusted EBITDA for any Q3 period, and the second highest quarterly ...

美联储政策与市场反应 - 美联储宣布广泛预期的25个基点降息 将主要利率目标区间降至3.75%至4% [6] - 美联储宣布其缩减资产负债表（量化紧缩）的计划将于12月结束 [2][6] - 美联储主席鲍威尔在新闻发布会上未暗示12月将再次降息 并表示12月降息并非"既定事实" [1][6] 股票市场表现 - 道琼斯工业平均指数在短暂突破48000点后回落 收盘下跌近0.2% [1][6] - 标准普尔500指数收盘基本持平 而纳斯达克综合指数上涨近0.6% 创下今年第36个收盘纪录 [2][6] - 三大主要股指在鲍威尔新闻发布会期间均转跌 但纳斯达克指数最终收复失地 [2] 债券市场动态 - 10年期美国国债收益率跃升7.4个基点至近4.06% 创下近三周以来东部时间下午3点的最高水平 [3] - 美国国债的抛售主要集中在2年期至7年期国债 [3] - 10年期国债收益率被用作新的30年期固定利率抵押贷款的定价基准 [3] 市场预期与解读 - 市场参与者此前假设美联储将明确走向更多降息 但鲍威尔并未给出此信号 [4] - 联邦基金期货交易员降低了对12月降息25个基点的可能性 [4] - 市场对美联储在12月降息方面的强硬态度感到意外 [7] 市场乐观情绪驱动因素 - 开盘时主要股指走高并逼近盘中纪录高位 受稳健的盈利报告推动 [5] - 对美国与中国以及韩国贸易协议取得进展的预期也助长了乐观情绪 [5] - 西雅图Russell Investments截至9月30日管理着约3690亿美元资产 [5]

AI驱动牛市 - 市场在面临政府停摆、关税和地缘政治紧张等多重挑战下依然表现强劲，呈现"全油门、无刹车"的AI驱动牛市[4][5] - AI热潮不仅推动科技股上涨，还显著刺激了数据中心建设和电力需求，公用事业板块成为标普500中今年表现最好的板块之一[6][7] - 小盘股自4月低点以来稳步攀升，罗素2000指数中与科技、工业和公用事业相关的公司表现突出[8][9] 行业与公司表现 - Credo Technology生产电缆，受益于数据中心建设，今年股价几乎翻倍[10] - Bloom Energy生产将天然气或氢气转化为电力的燃料电池，今年股价几乎上涨五倍[11] - Oklo作为核能概念股，受AI热情推动，今年股价上涨超过六倍[11][12] - 公用事业板块因AI数据中心电力需求激增而成为大受益者[7] ETF市场动态 - 2025年9月ETF发行量达115只，创单月新高，较8月增长55%，显示市场信心强劲[33] - 对于担心泡沫的投资者，ETF提供了分散风险的方式，特别是行业特定ETF如景顺或iShares的产品[35] - Global X铀ETF今年上涨近100%，为投资复杂核能公司提供了便捷途径[76] 投资策略与市场行为 - "逢低买入"策略今年特别有效，标普500在单日下跌2%后，随后一周有超过85%的概率上涨，平均涨幅达2.6%[45] - 与1950年相比，当时标普500在下跌后一周内上涨概率为58%，平均涨幅仅0.6%，显示新一代投资者等待时间更短但收益更高[46] - 任何有意义的下跌都可能很短暂，因为更多投资者会被吸引入场[47] 经济数据与货币政策 - 政府停摆导致非农就业和CPI等重要经济数据缺失，使投资者缺乏信心并处于紧张状态[52][53] - 许多私人数据报告也基准于劳工统计局数据集，停摆期间这些报告同样无法发布[54] - 除非有相反证据，美联储可以自信地降息25个基点，这将有助于推动市场创新高[56] 企业盈利与估值 - 企业盈利增长支撑股市创新高，第三季度盈利预计同比增长8%，估计最终可能达到13%[81] - 这将是连续第四个季度实现双位数增长，尽管企业面临关税和不确定消费者等挑战[82] - 盈利增长表明市场高点并非纯粹投机，而是有基本面支撑[83] 黄金与长期投资视角 - 黄金近期涨势令人惊讶，但长期来看股票表现优于黄金，投资者需要从超过25年的更长周期评估[69][70] - 单纯基于政府投资主题购买股票属于投机行为，需要考虑多年周期的时间范围[74] - 长期投资者应关注5-10年的长期视角，而不是短期波动[87]

文章核心观点 - 奥驰亚（MO）股票被低估，因其估值已反映未来10年每股自由现金流的负增长预期 [1] 分析师背景与投资方法 - 分析师偏好以合理价格投资成长股（GARP），但也在其他领域寻找机会 [1] - 投资决策基于投资逻辑是否成立，无固定持有期限，当基本面改变时会退出 [1] - 自2016年开始投资，并利用Python开发了能跑赢市场的算法以发掘投资机会 [1] - 分析师曾在TipRanks担任分析/新闻撰稿人和编辑，具备市场洞察力并致力于提供准确信息 [1]