Cars.com Inc expected to post earnings of 9 cents a share - Earnings Preview

Cars.com

07/05/2024 18:56

* Cars.com Inc  CARS.N   CARS.K  is expected to show a rise
in
quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The Chicago Illinois-based  company is expected to report
a
7.4% increase in revenue to $179.448 million from $167.07
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on February
22 2024, for the period ended March 31, was for revenue between
$179.00 million and $181.00 million.
    * ​LSEG's mean analyst estimate for Cars.com Inc is for
earnings
of 9 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Cars.com
Inc is
$25.00​, above​ its last closing price of $17.38. ​​​

The company's guidance on February 22 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD179 million and USD52.49 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.16        0.16       0.12      Missed  -25
 Sep. 30 0001              0.10       0.07      Missed  -28.8
 Jan. 1 0001   0.11        0.10       1.37      Beat    1,217.
                                                        3​
 Mar. 31 2023  0.06        0.06       0.17      Beat    
 ​​Jan.        0.07        0.09       0.15      Beat    59.6
 1 0001                                                 
 Sep. 30 2022  0.10        0.11       0.47      Beat    -139.1
                                                        ​
 Jan. 1 0001   0.48        0.26       0.47      Beat    84.3
 Jan. 1 0001   0.42        0.26       0.15      Missed  -43.2
 This summary was machine generated May 7 at 17:56 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)