Compass Diversified Holdings Announces Upcoming Q2 Earnings Call Amid Positive Market Sentiment
August 25, 2023
☀️Introduction:
Compass Diversified Holdings (CODI) is gearing up to release its financial results for the second quarter of 2023, and market sentiment is increasingly positive as the company’s earnings call approaches. In this article, we will delve into various aspects, including fundamental and technical analyses, historical guidance, and analysts’ estimates, to provide readers with a comprehensive view of the company’s performance and potential growth prospects. With a strong track record and recent positive news, investors and enthusiasts alike are eagerly awaiting CODI’s upcoming earnings call.
Fundamental Analysis:
| ReportDate | NetIncome | TotalRevenue | DilutedEPS | unit | |
|---|---|---|---|---|---|
| Q2 | 2023-06-30 | 13.6 | 524.2 | -0.35 | million USD |
| Q1 | 2023-03-31 | 105.4 | 542.2 | 1.29 | million USD |
| Q4 | 2022-12-31 | -12.0 | 594.9 | -0.34 | million USD |
| Q3 | 2022-09-30 | -1.8 | 597.6 | -0.21 | million USD |
| Q2 | 2022-06-30 | 26.4 | 515.6 | 0.17 | million USD |
Compass Diversified Holdings has been exhibiting a steady financial performance over the past year. In the first quarter of 2023, the company reported a net income of $105.4 million and total revenue of $542.2 million. However, the diluted EPS was slightly lower at $1.29 million. Although Q2 historically shows lower net income and diluted EPS compared to Q1, CODI’s track record suggests the potential for consistent and stable growth.
The past quarter’s data reveals that net income for Q2 is expected to be $13.6 million, with total revenue estimated at $524.2 million. This makes it crucial to closely monitor net income figures during the upcoming earnings call to gauge how well Compass Diversified Holdings has navigated potential challenges in the market.
Technical Analysis:
| since | low | high | change | change% | |
|---|---|---|---|---|---|
| 1D | 2023-08-23 | 20.6 | 20.9 | 0.2 | 0.7 |
| 5D | 2023-08-17 | 20.5 | 21.3 | -0.1 | -0.6 |
| 1M | 2023-07-25 | 20.5 | 22.8 | -1.5 | -6.7 |
| 3M | 2023-05-22 | 19.4 | 22.9 | 0.6 | 3.2 |
Examining Compass Diversified Holdings‘ price performance over the past three months reveals a rather stable trend. Despite minor dips and gains, CODI’s stock price has shown resilience and potential for growth. In the last month alone, there was a noticeable increase in the stock’s volatility, further emphasizing the importance of technical analysis.
Currently trading within a range of $20.5-$21.3, CODI has experienced a positive change of 0.7% over the past day, giving investors hope for an upward trajectory. With a recent increase of 3.2% over the past three months, CODI has shown resilience and the potential for continued growth. This trend warrants further evaluation on the upcoming earnings call, as it may provide insights into the market’s response to the company’s financial performance.
Historical Guidance:
Compass Diversified Holdings has consistently provided valuable historical guidance regarding its financial performance. The company’s past earnings reports indicate stability and a commitment to delivering solid results for its shareholders. However, it is worth noting that Q2 tends to be less lucrative compared to other quarters, as experienced in previous years.
Analyst Estimates:
According to MorningStar consensus estimates, CODI is expected to post an adjusted EPS of $0.07 for the current quarter. This estimate has remained unchanged over the past 30 and 60 days, indicating a relatively stable outlook for Compass Diversified Holdings. While the current estimate appears lower than previous quarters, investors should consider the overall strength and resilience of the company’s financial performance.
Conclusion:
With the eagerly awaited earnings call rapidly approaching, Compass Diversified Holdings is drawing attention from investors and enthusiasts alike. The company’s stable fundamental performance, coupled with a positive sentiment surrounding upcoming results, has piqued investor interest.
While conducting fundamental and technical analyses indicates potential stable growth prospects, historical guidance suggests that Q2 may not match previous quarters’ figures. However, analysts’ estimates indicate a relatively stable outlook for CODI.
Investors and industry experts are encouraged to tune in to Compass Diversified Holdings‘ earnings call on August 2nd at 5:00 PM EST. By gaining insights directly from the company’s management team, participants will gain a comprehensive understanding of CODI’s financial performance and future prospects.
With a robust track record and a positive market sentiment surrounding this quarter’s earnings call, it is an opportune moment for investors to evaluate the company’s potential investment value.
