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

• 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)