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Stock impact report

Real Estate Services Stocks Q4 In Review: Compass (NYSE:COMP) Vs Peers [Yahoo! Finance]

The Real Brokerage, Inc. - Common Shares (REAX) 
Company Research Source: Yahoo! Finance
With Q4 behind us, let's have a look at Compass (NYSE:COMP) and its peers. Technology has been a double-edged sword in real estate services. On the one hand, internet listings are effective at disseminating information far and wide, casting a wide net for buyers and sellers to increase the chances of transactions. On the other hand, digitization in the real estate market could potentially disintermediate key players like agents who use information asymmetries to their advantage. The 13 real estate services stocks we track reported a satisfactory Q4. As a group, revenues beat analysts' consensus estimates by 5.5% while next quarter's revenue guidance was 1.2% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 10.2% since the latest earnings results. Compass (NYSE:COMP) Fueled by its mission to replace the "paper-driven, antiquated workflow" of buying a house, Compass (NYSE:COMP) is a digital-first company operating a res Show less Read more
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