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

Cars.com

08/08/2024 14:51

* Cars.com Inc  CARS.N  reported quarterly adjusted earnings
of 17
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of $1.37. 
The mean expectation of six analysts for the quarter was
for earnings of 10 cents per share. Wall Street expected
results to range from 6 cents to 15 cents per share.
    * Revenue rose 6.4% to $178.89 million from a year ago;
analysts
expected $182.10 million. 
    * Cars.com Inc's reported EPS for the quarter was 17 cents​.
    * The company reported quarterly net income of $11.38
million.
    * Cars.com Inc shares had fallen by 9.3% this quarter and
lost 5.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$24.75 
This summary was machine generated from LSEG data August 8 at
01:51 p.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
 Jun. 30 2024      0.10           0.17           Beat
 Mar. 31 2024      0.09           0.01           Missed
 Dec. 31 2023      0.16           0.12           Missed
 Sep. 30 2023      0.10           0.07           Missed