Why Compass, Inc. (COMP) Dominated Last Week’s Rally

We recently compiled a list of the These 10 Firms Dominated Last Week’s Rally. In this article, we are going to take a look at where Compass, Inc. (NYSE:COMP) stands against the other stocks that dominated last week’s rally.

Last week saw a strong trading finish with Wall Street’s main indices all settling in the green territory ahead of President-elect Donald Trump’s return to the White House.

Week-on-week, the Dow eked out a 3.81-percent gain, the S&P rallied 3.79 percent, while the Nasdaq increased by 3.84 percent.

Last week, 10 companies from diverse sectors outpaced their peers. Let’s take a closer look at which publicly-listed firms led the charge and what fueled their impressive performance.

For this week’s list of the 10 biggest advancers, we focused exclusively on companies with a market capitalization of at least $2 billion and a minimum trading volume of $5 million.

An excited real estate broker discussing with a couple interested in buying a home.

Compass, Inc. (NYSE:COMP)

Property brokerage firm Compass, Inc. (NYSE:COMP) registered a 28.76-percent jump in its share prices last week at $6.76 versus the week prior, with investor sentiment buoyed by the company’s boosting of its earnings guidance for the fourth quarter and full year 2024.

According to Compass, Inc. (NYSE:COMP), it now expects fourth-quarter revenues to settle between $1.36 billion to $1.39 billion and adjusted EBITDA between $15 million to $18 million. It previously anticipated revenues of $1.225 billion to $1.325 billion and adjusted EBITDA of $0 to $10 million.

In addition, Compass (NYSE:COMP) expects full-year revenues to end between $5.61 billion to $5.64 billion and adjusted EBITDA of $124 million to $127 million. Its earlier outlook was for revenue of $5.47 billion to $5.57 billion and adjusted EBITDA of $109 million to $119 million.

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Disclosure: None. This article is originally published at Insider Monkey.