Cars.com Inc reports results for the quarter ended in December - Earnings Summary

Cars.com

23/02/2024 03:00

* Cars.com Inc  CARS.N  reported quarterly adjusted earnings
of 12
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 15
cents.  The mean expectation of six analysts for the quarter was
for earnings of 16 cents per share. Wall Street expected
results to range from 13 cents to 26 cents per share.
    * Revenue rose 6.8% to $179.61 million from a year ago;
analysts
expected $178.40 million. 
    * Cars.com Inc's reported EPS for the quarter was 12 cents​.
    * The company reported quarterly net income of $8.35
million.
    * Cars.com Inc shares had fallen by 4.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Cars.com Inc is
$25.00 
This summary was machine generated from LSEG data February 23 at
02:59 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.16           0.12           Missed
 Sep. 30 2023      0.10           0.07           Missed
 Jun. 30 2023      0.10           1.37           Beat
 Mar. 31 2023      0.06           0.17           Beat