Cars.com Q4 EPS $0.12 Vs $0.15 YoY, Sales $179.61M Beat $178.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cars.com reported a Q4 EPS of $0.12, down from $0.15 year-over-year, while sales of $179.61M exceeded the $178.40M estimate.
February 22, 2024 | 12:31 pm
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NEUTRAL IMPACT
Cars.com's Q4 earnings showed a decrease in EPS from $0.15 to $0.12 YoY, but sales exceeded expectations at $179.61M.
The decrease in EPS indicates a drop in profitability which could concern investors, potentially putting downward pressure on the stock. However, the beat on sales estimates suggests strong revenue performance, which might offset concerns about profitability in the short term. The mixed results lead to a neutral short-term impact score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100