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Central Garden & Pet (NASDAQ: CENTA) announces its next round of earnings this Wednesday, August 05. Here is Benzinga's look at Central Garden & Pet's Q3 earnings report.
Earnings and Revenue
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Wall Street analysts see Central Garden & Pet reporting earnings of $0.81 per share on sales of $729.45 million. In the same quarter last year, Central Garden & Pet reported earnings per share of $0.800 on sales of $706.58 million. If the company were to match the consensus estimate when it reports Wednesday, earnings would be up 1.25%. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.76 | -0.11 | 0.17 | 0.85 |
| EPS Actual | 0.78 | -0.08 | 0.04 | 0.80 |
| Revenue Estimate | 705.76 M | 473.33 M | 521.94 M | 688.81 M |
| Revenue Actual | 703.23 M | 482.83 M | 540.74 M | 706.58 M |
Stock Performance
Over the last 52-week period, shares are up 67.84%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analysts seem to have developed a neutral outlook on the upcoming earnings release in recent days versus 90 days ago. The general EPS consensus estimate since that time has moved up 6.58% while revenue estimates have moved up 3.36%.
Don't be surprised to see the stock move on comments made during its conference call. Central Garden & Pet is scheduled to hold the call at 16:30:00 ET and can be accessed here: https://78449.themediaframe.com/dataconf/productusers/cent/mediaframe/36662/indexl.html
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.