Earnings Preview For Cars.com
Portfolio Pulse from Benzinga Insights
Cars.com (NYSE:CARS) is scheduled to release its quarterly earnings report on February 22, 2024, with an expected EPS of $0.16. Analysts and investors are keen on not just the earnings beat or miss but also the company's guidance for future growth. Historical data shows mixed reactions to past earnings reports, with the last quarter missing EPS estimates but still resulting in a 7.79% share price increase the following day. Over the last year, CARS shares have declined by 7.36%, indicating potential concern among long-term shareholders.
February 21, 2024 | 3:01 pm
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Cars.com is anticipated to report quarterly earnings with an EPS of $0.16. Historical performance shows variable stock price reactions to earnings reports. With shares down 7.36% over the past year, the upcoming earnings and particularly the future guidance will be crucial for investor sentiment.
Given the historical performance where the stock price reacted variably to earnings reports, and considering the overall negative performance over the past year, the short-term impact of the upcoming earnings report is uncertain. The focus will be on whether CARS can beat the EPS estimate and provide positive future guidance, which could potentially uplift investor sentiment despite the recent downtrend.
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