Earnings Preview: Cars.com (CARS) Q2 Earnings Expected to Decline

Core Insights - The earnings report for Cars.com is anticipated to show a significant decline in earnings per share (EPS) of $0.47, representing a year-over-year decrease of 65.7% [7] - The consensus revenue estimate for Cars.com is $181.51 million, reflecting a 7.9% increase from the previous year [2] - The Zacks Earnings ESP for Cars.com is 0%, indicating no recent analyst revisions that differ from the consensus estimate, making it challenging to predict an earnings beat [11][12] Earnings Expectations - Cars.com has a history of beating consensus EPS estimates only once in the last four quarters [14] - The consensus EPS estimate has remained unchanged over the last 30 days, suggesting stability in analyst expectations [8] - A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a strong Zacks Rank [10] Industry Comparisons - Groupon, another player in the internet-commerce industry, is expected to report an EPS of $0.01 for the quarter ended June 2024, indicating a year-over-year increase of 90% [17] - Groupon's revenue estimate is $121.7 million, which is a 5.7% decline from the previous year [17] - Groupon's Earnings ESP is significantly positive at 3100.00%, suggesting a high likelihood of beating the consensus EPS estimate [26]