Cars.com Q2 EPS $1.37 Beats $0.12 Estimate, Sales $168.20M Miss $169.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cars.com reported Q2 earnings of $1.37 per share, beating the analyst consensus estimate of $0.12 by 1041.67%. This is a 1612.5% increase from the same period last year. However, the company's quarterly sales of $168.20 million missed the analyst consensus estimate of $169.25 million by 0.62%, though it's a 3.27% increase from last year.
August 04, 2023 | 12:59 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Cars.com's Q2 earnings significantly exceeded estimates, while sales slightly missed expectations but showed a YoY increase.
The significant beat on earnings per share is likely to have a positive impact on the stock price. The slight miss on sales is less likely to have a significant negative impact, especially given the YoY increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100