Compass Stock Soars as It Raises Outlook on Staffing, Cost Controls

Financial Performance - Compass raised its full-year revenue guidance to $5.61 billion to$5.64 billion, up from the previous outlook of $5.47 billion to$5.57 billion [1] - Full-year adjusted EBITDA is now expected to be $124 million to$127 million, compared to the earlier estimate of $109 million to$119 million [1] - Fourth-quarter revenue guidance increased to $1.36 billion to$1.39 billion, up from $1.225 billion to$1.325 billion [5] - Fourth-quarter adjusted EBITDA guidance raised to $15 million to$18 million, from $0 to$10 million previously [5] Operational Highlights - Compass recruited more than 650 principal agents organically in Q4, a 50% increase compared to the same period last year [3][6] - The company's ability to outperform the market while maintaining operating expense discipline was highlighted by the CEO [3] - Compass shares surged nearly 20% following the improved guidance and operational updates [5] Market Performance - Compass shares were up 18% an hour after the opening bell on the day of the announcement [3] - The company's stock has nearly doubled in value over the past year [3]