Two analysts have issued estimates for Cars.com’s earnings, with estimates ranging from $147.66 million to $150.66 million. Cars.com reported sales of $164.35 million in the same quarter last year, which would suggest a negative year over year growth rate of 9.2%. The business is scheduled to issue its next earnings results on Thursday, February 27th.
According to Zacks, analysts expect that Cars.com will report full-year sales of $603.66 million for the current financial year, with estimates ranging from $602.15 million to $605.16 million. For the next fiscal year, analysts expect that the company will post sales of $596.22 million, with estimates ranging from $581.12 million to $611.31 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Cars.com.
Cars.com last released its earnings results on Wednesday, November 6th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.06. Cars.com had a negative net margin of 69.79% and a positive return on equity of 6.14%. The business had revenue of $152.10 million for the quarter, compared to the consensus estimate of $150.23 million. During the same period last year, the firm posted $0.55 earnings per share. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year.
Several equities analysts have weighed in on CARS shares. Zacks Investment Research upgraded shares of Cars.com from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Cfra upgraded Cars.com from a “hold” rating to a “buy” rating in a report recently, November 6th. B. Riley set a $18.00 target price on Cars.com and gave the stock a “buy” rating in a research report on Friday, September 13th.
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