Cars.com Inc reports results for the quarter ended in September 30 - Earnings Summary

Cars.com

07/11/2024 14:38

* Cars.com Inc  CARS.N  reported quarterly adjusted earnings
of 28
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 7 cents.  The mean expectation of six analysts for the
quarter was for earnings of 6 cents per share. Wall Street
expected results to range from 2 cents to 8 cents per share.
    * Revenue rose 3.1% to $179.65 million from a year ago;
analysts
expected $179.87 million. 
    * Cars.com Inc's reported EPS for the quarter was 28 cents​.
    * The company reported quarterly net income of $18.72
million.
    * Cars.com Inc shares had risen by 0.3% this quarter and
lost 11.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 50%
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 4 "strong buy" or "buy," 2
"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
$21.00 
This summary was machine generated from LSEG data November 7 at
02:38 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
 Sep. 30 2024      0.06           0.28           Beat
 Jun. 30 2024      0.10           0.17           Beat
 Jan. 1 0001       0.09           0.01           Missed
 Dec. 31 2023      0.16           0.12           Missed