Compass falls after forecasting Q2 revenue below estimates; brokerages cut PT

Home brokerage Compass Inc COMP.N slumps over 17% to $6.39

COMP on Thursday said it expects Q2 revenue in the range of $2 billion to $2.15 billion, the midpoint of which is below analysts' estimate of $2.12 billion, according to data compiled by LSEG

Company posted Q1 revenue of $1.36 billion, which was also below estimate of $1.42 billion

Brokerage Oppenheimer cuts COMP's PT to $12 from $13 on tariff uncertainty that is driving lower volumes

Barclays cuts PT to $8 from $9; says COMP was not immune to the market conditions during 1Q, with volatility mounting in March and April

As of last close, COMP has risen 32% YTD