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

Cars.com

02/11/2023 13:33

* Cars.com Inc  CARS.N  reported quarterly adjusted earnings
of 7
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of -4 cents.  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 13 cents per share.
    * Revenue rose 5.9% to $174.33 million from a year ago;
analysts
expected $173.07 million. 
    * Cars.com Inc's reported EPS for the quarter was 7 cents​.
    * The company reported quarterly net income of $4.49
million.
    * Cars.com Inc shares had fallen by 10.7% this quarter and
gained 9.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.7%
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 6 "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 November 2 at
01:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.09           0.15           Beat