Central Garden & Pet Stock (NASDAQ: CENT)

Central Garden & Pet Stock (NASDAQ:CENT), Trade Ideas

Central Garden & Pet

Central Garden & Pet Co understands that home is central to life and has nurtured happy and healthy homes for over forty years. The segments of the company are the pet segment and garden segment. The company's trusted products are dedicated to helping lawns grow greener, gardens bloom bigger, pets live healthier and communities grow stronger. Central is home to a portfolio of more than sixty-five brands including Pennington, Nylabone, Kaytee, Amdro, and Aqueon, manufacturing and distribution capabilities, and a passionate, entrepreneurial growth culture. Central Garden and Pet is based in Walnut Creek, California, and has offices across North America and Europe.

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BECN

CENT

TSCO

Tractor Supply Company (NASDAQ: TSCO) is likely to register an increase in the top and bottom lines when it reports first-quarter 2024 results on Apr 25, before market open. The Zacks Consensus Estimate for revenues is pegged at $3.40 billion, indicating a 3% jump from the year-ago reported figure.


Here&#39;s How Tractor Supply Is Placed Before Q1 Earnings

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Shares of  Take-Two Interactive Software, Inc.  (NASDAQ: TTWO) fell sharply during Friday’s session following third-quarter results.

Why Take-Two Interactive Software Shares Are Trading Lower By Around 9%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

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U.S. stocks traded mixed, with the Nasdaq Composite gaining around 100 points on Friday.

Shares of  SPS Commerce, Inc. (NASDAQ: SPSC) rose sharply during Friday’s session following upbeat results.

SPS Commerce Posts Upbeat Results, Joins Masonite International, Impinj And Other Big Stocks Moving Higher On Friday

Central Garden & Pet Company - Common Stock

Central Garden & Pet Co

Central Garden & Pet Company - Class A Common Stock Nonvoting

CENTENNIAL SPECIALTY FOOD by Centennial Specialty Foods Corp.

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CENTR Brands Corp

The Central and Eastern Europe Fund, Inc. (The) Common Stock

CENTRAL & EASTERN EUROPE FUND, INC.

CENTRAL CHINA SECS S/ADR by Central China Securities Co. Ltd.

Centamin PLC

Centaur Media PLC

CENTAURUS ENERGY INC by Centaurus Energy Inc.

Centaurus Energy Inc

CENTAURUS METALS LTD ORD by Centaurus Metals Ltd.

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Centene Corp

CenterPoint Energy, Inc (Holding Co) Common Stock

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Centessa Pharmaceuticals plc - American Depositary Shares

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Centrais Electricas Brasileiras S A American Depositary Shares (Each representing one Common Share)

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Centrais Electricas Brasileiras S.A.- Eletrobr?!s American Depositary Shares (Each representing one Preferred Share)

CENTRAL ASIA METALS LTD by Central Asia Metals Ltd, London

Central Asia Metals PLC

CENTRAL AUTOMOTIVE PRODS by Central Automotive Products Ltd.

Central Automotive Products Ltd

CENTRAL BANCO B NON VTG by Central Bancompany

Central Bancompany

Central Bank Corp

CENTRAL CHINA MGMT CO LTD by CENTRAL CHINA MGMT CO LTD.

Central China Management Co Ltd

CENTRAL CHINA R E LTD ORD by Central China Real Estate Limited

Central China Real Estate Ltd

Central Energy Partners LP

CENTRAL FLA ST BK BELLEVW by Central Florida State Bank (Belleview FL)

Central Florida St Bank

CENTRAL GLASS CO LTD ORD by Central Glass Co., Ltd.

Central Glass Co Ltd

CENTRAL JAPAN RY UNSP/ADR by Central Japan Railway Co.

Central Japan Railway Co

CENTRAL JAPAN RY ORD by Central Japan Railway Co.

CENTRAL NATURAL RES INC by Central Natural Resources, Inc.

Central Natural Resources Inc

Central Pacific Financial Corp

CENTRAL PRKNG F/T 5.25PFD by Central Parking Finance Trust

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Tractor Supply Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsco#NASDAQ">TSCO</a>) is likely to register an increase in the top and bottom lines when it reports first-quarter 2024 results on Apr 25, before market open. The Zacks Consensus Estimate for revenues is pegged at $3.40 billion, indicating a 3% jump from the year-ago reported figure. 
The bottom line of the largest rural lifestyle retailer in the United States is expected to have risen year over year. The Zacks Consensus Estimate for earnings per share for the first quarter has remained stable at $1.70 in the past 30 days, suggesting 3% growth from the year-ago period&#39;s reported figure. 
Tractor Supply has a trailing four-quarter earnings surprise of 0.5%, on average. In the last reported quarter, this Brentwood, TN-based company&#39;s earnings missed the Zacks Consensus Estimate by 2.6%.
<h3>Key Factors to Note</h3>
Tractor Supply has been experiencing momentum, driven by sturdy demand and strong market share gains. The company has been gaining from demand for its core merchandise, including consumable, usable and edible products. Its buyout of Orscheln Farm and Home, and store openings have been aiding its performance. The company has been benefiting from its Life Out Here Strategy and the Neighbor&#39;s Club membership program, which is likely to have driven its sales in the to-be-reported quarter. The strategy is essentially based on five key pillars: customers, digitization, execution, team members and total shareholder return. 
Tractor Supply has been focusing on its growth initiatives, which include the expansion of its store base and the incorporation of technological advancements to induce traffic and drive the top line. The company&#39;s Project Fusion and Side Lot model transformations have been significant investments toward stores. These store investments target achieving higher market share and boosting productivity across the existing and new stores. 
TSCO&#39;s &lsquo;ONETractor&#39; strategy, which is aimed at connecting stores and online shopping, appears encouraging too. Its omnichannel investments include curbside pickup, same-day and next-day delivery, a re-launched website and a new mobile app. The company&#39;s rebranding of Petsense by Tractor Supply and the expansion of its Neighbor&#39;s Club program to Petsense stores received positive customer feedback. This move is likely to have enabled it to gain pet customers for both banners. 
However, Tractor Supply has been grappling with higher depreciation and amortization costs, impacts of higher medical claims and inflationary pressures. Consequently, the company has been witnessing higher selling, general and administrative (SG&amp;A) expenses. Our model indicates a 3.6% rise in SG&amp;A expenses and a 50-bps increase in SG&amp;A expense rate on a year-over-year basis for the first quarter. Nonetheless, all the aforesaid strengths are likely to have boosted the company&#39;s performance in the first quarter.
<h3>What the Zacks Model Unveils</h3>
Our proven model conclusively predicts an earnings beat for Tractor Supply this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they&#39;re reported with our Earnings ESP Filter.
<div class="chart_embed">
<h3>Tractor Supply Company Price and EPS Surprise</h3>
<a href="https://www.zacks.com/stock/chart/TSCO/price-eps-surprise?icid=chart-TSCO-price-eps-surprise"><img alt="Tractor Supply Company Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/a0/1713791837.png" style="height:263px; width:544px" title="" /> </a>
Tractor Supply Company price-eps-surprise | Tractor Supply Company Quote
</div>
Tractor Supply has an Earnings ESP of +0.50% and a Zacks Rank of 2 at present.
<h3>Other Stocks Poised to Beat Earnings Estimates</h3>
Here are a few more companies that have the right combination of elements to post an earnings beat: 
Central Garden &amp; Pet (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cent#NASDAQ">CENT</a>) currently has an Earnings ESP of +4.32% and a Zacks Rank of 1. CENT is likely to register bottom-line growth when it reports second-quarter fiscal 2024 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $894.5 million, suggesting a 1.6% drop from the figure reported in the year-ago quarter. 
The consensus estimate for CENT&#39;s fiscal second-quarter earnings is pegged at 83 cents a share, up 15.3% from the year-ago quarter. The consensus mark has risen a couple of cents in the past 30 days. 
Chipotle Mexican Grill (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmg#NYSE">CMG</a>) currently has an Earnings ESP of +1.86% and a Zacks Rank of 3. The company is expected to register top and bottom-line growth when it reports first-quarter 2024 numbers. The Zacks Consensus Estimate for CMG&#39;s quarterly revenues is pegged at $2.67 billion, which implies growth of 12.8% from the year-ago quarter&#39;s reported figure. 
The consensus estimate for Chipotle&#39;s earnings has increased 0.4% to $11.56 per share in the past seven days. The consensus estimate for earnings suggests growth of 10.1% from the year-ago quarter&#39;s reported figure. CMG has delivered an earnings beat of 9.1%, on average, in the trailing four quarters. 
Beacon Roofing Supply (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/becn#NASDAQ">BECN</a>) has an Earnings ESP of +0.82% and a Zacks Rank of 3 at present. BECN is likely to register top-line growth when it reports first-quarter 2024 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $1.88 billion, suggesting 8.5% growth from the figure reported in the year-ago quarter. 
The consensus estimate for Beacon Roofing&#39;s first-quarter earnings is pegged at 35 cents per share, suggesting a 47.8% decline from the figure reported in the year-ago quarter. The consensus estimate for earnings has remained unchanged in the past 30 days. BECN has delivered an earnings beat of 10.3%, on average, in the trailing four quarters.
<a href="https://www.zacks.com/stock/news/2259361/here-s-how-tractor-supply-tsco-is-placed-before-q1-earnings?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2259361">To read this article on Zacks.com click here.</a>

Here's How Tractor Supply Is Placed Before Q1 Earnings

Canaccord Genuity analyst Brian McNamara initiates coverage on Central Garden &amp; Pet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENT#NASDAQ">CENT</a>) with a Buy rating and announces Price Target of $52.

Price Target

Initiation

Analyst Ratings

Canaccord Genuity Initiates Coverage On Central Garden & Pet with Buy Rating, Announces Price Target of $52

Truist Securities analyst Bill Chappell maintains Central Garden &amp; Pet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENT#NASDAQ">CENT</a>) with a Buy and raises the price target from $50 to $60.

Truist Securities Maintains Buy on Central Garden & Pet, Raises Price Target to $60

Shares of Take-Two Interactive Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttwo#NASDAQ">TTWO</a>) fell sharply during Friday&rsquo;s session following third-quarter results.
Take-Two reported third-quarter total net bookings of $1.34 billion, down 3% year-over-year. The company also revised its 2024 net bookings forecast to $5.25 billion and $5.3 billion, down from $5.45 billion and $5.55 billion earlier.
Take-Two Interactive Software shares dipped 8.8% to $154.69 on Friday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Sunworks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sunw#NASDAQ">SUNW</a>) shares jumped 267% to $0.1990. Sunworks and three subsidiaries recently made the decision to cease operations and filed for Chapter 7 bankruptcy in the United States Bankruptcy Court for the District of Delaware.</li>
<li>TOP Financial Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/top#NASDAQ">TOP</a>) gained 87.55% to $6.13.</li>
<li>NanoString Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nstg#NASDAQ">NSTG</a>) shares climbed 66% to $0.1932 after the company disclosed completion of financing to support restructuring process.</li>
<li>Intelligent Bio Solutions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inbs#NASDAQ">INBS</a>) jumped 47.3% to $4.24 following second-quarter results.</li>
<li>TC Biopharm (Holdings) Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcbp#NASDAQ">TCBP</a>) shares climbed 46% to $1.6099 after jumping over 16% on Thursday.</li>
<li>Intelligent Living Application Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ilag#NASDAQ">ILAG</a>) gained 45.5% to $0.6851 after surging around 24% on Thursday.</li>
<li>Green Giant Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gge#NASDAQ">GGE</a>) shares rose 44.4% to $0.0535 after gaining 25% on Thursday.</li>
<li>Better Choice Company Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bttr#NYSE">BTTR</a>) gained 35% to $0.2379. Better Choice acquired Aimia Pet Healthco.</li>
<li>Masonite International Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/door#NYSE">DOOR</a>) surged 34.5% to $129.99 after Owens Corning announced it will acquire the company for $3.9 billion.</li>
<li>Cloudflare, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/net#NYSE">NET</a>) rose 23.5% to $111.49 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance.</li>
<li>CleanSpark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) shares gained 22% to $12.81 after the company reported a year-over-year increase in first-quarter GAAP EPS and better-than-expected sales results.</li>
<li>Centessa Pharmaceuticals plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnta#NASDAQ">CNTA</a>) climbed 20.5% to $8.99. Centessa Pharmaceuticals will present additional 52-weeks continuous treatment data from third year ongoing Phase 2a study of SerpinPC for treatment of hemophilia at 17th Annual Congress of European Association for Haemophilia and Allied Disorders.</li>
<li>IGM Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/igms#NASDAQ">IGMS</a>) gained 19.2% to $15.44.</li>
<li>Streamline Health Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/strm#NASDAQ">STRM</a>) rose 18.8% to $0.4814.</li>
<li>Natural Grocers by Vitamin Cottage, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ngvc#NYSE">NGVC</a>) gained 18.2% to $17.51 following quarterly results.</li>
<li>Soho House &amp; Co Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shco#NYSE">SHCO</a>) rose 15.7% to $5.79. Soho House announced its board evaluated certain strategic transactions in the fall of 2023.</li>
<li>Iris Energy Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iren#NASDAQ">IREN</a>) gained 13.1% to $5.77.</li>
<li>Matrix Service Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtrx#NASDAQ">MTRX</a>) rose 13.1% to $12.82.</li>
<li>Terns Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tern#NASDAQ">TERN</a>) gained 12.6% to $7.07.</li>
<li>Central Garden &amp; Pet Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cent#NASDAQ">CENT</a>) rose 10.4% to $43.03. Central Garden &amp; Pet reported better-than-expected first-quarter financial results.</li>
<li>Impinj, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pi#NASDAQ">PI</a>) gained 10.2% to $117.18 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates.</li>
<li>Ocular Therapeutix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ocul#NASDAQ">OCUL</a>) rose 8.2% to $5.44. B of A Securities analyst Tazeen Ahmad initiated coverage on Ocular Therapeutix with a Buy rating and announced a price target of $15.</li>
<li>Mueller Water Products, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mwa#NYSE">MWA</a>) gained 8% to $14.99 following upbeat results.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Synlogic, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sybx#NASDAQ">SYBX</a>) fell 53.3% to $1.61 after the company announced it will discontinue Synpheny-3, cease operations and reduce its workforce by more than 90%.</li>
<li>The Children&#39;s Place, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plce#NASDAQ">PLCE</a>) shares fell 52.7% to $9.34 after the company said it expects fourth-quarter net sales to be roughly $454 million to $456 million, versus its prior guidance of $460 million to $465 million, and below the estimate of $462.88 million.</li>
<li>BioXcel Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btai#NASDAQ">BTAI</a>) fell 33.7% to $2.4882 after the company announced a proposed public offering.</li>
<li>Jin Medical International Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zjyl#NASDAQ">ZJYL</a>) declined 33.5% to $8.62.</li>
<li>EMCORE Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/emkr#NASDAQ">EMKR</a>) fell 32% to $0.4275 after posting weak quarterly results.</li>
<li>MicroAlgo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlgo#NASDAQ">MLGO</a>) declined 31% to $0.7172.</li>
<li>Renalytix Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnlx#NASDAQ">RNLX</a>) shares fell 30% to $0.3791 after climbing over 96% on Thursday.</li>
<li>Lantronix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ltrx#NASDAQ">LTRX</a>) fell 28.8% to $4.1350 following weak sales.</li>
<li>MicroCloud Hologram Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holo#NASDAQ">HOLO</a>) shares declined 27.4% to $20.81 after jumping over 59% on Thursday. The company announced it planned to join the Communications Industry Association. HOLO intends to join the Communications Industry Association to foster information technology innovation.</li>
<li>eGain Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/egan#NASDAQ">EGAN</a>) fell 24.4% to $5.77 following second-quarter results.</li>
<li>AMC Networks Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amcx#NASDAQ">AMCX</a>) declined 19.1% to $13.78 following weak earnings.</li>
<li>Virco Mfg. Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/virc#NASDAQ">VIRC</a>) dipped 18.6% to $9.48.</li>
<li>Expedia Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/expe#NASDAQ">EXPE</a>) declined 17.6% to $131.38 after the company reported fourth-quarter financial results and named Ariane Gorin as CEO.</li>
<li>Adlai Nortye Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anl#NASDAQ">ANL</a>) fell 12.3% to $7.50.</li>
<li>Newell Brands Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nwl#NASDAQ">NWL</a>) declined 11.8% to $7.45 following quarterly results.</li>
<li>Pinterest, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pins#NYSE">PINS</a>) shares declined 11.4% to $36.07. Pinterest reported upbeat earnings for its fourth quarter, while sales missed estimates. The company said it sees first-quarter revenue in the range of $690 million to $705 million versus estimates of $702.36 million.</li>
<li>BILL Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bill#NYSE">BILL</a>) fell 11% to $67.40 following quarterly results.</li>
<li>Affirm Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/afrm#NASDAQ">AFRM</a>) shares fell 10.6% to $43.98 after the company reported second-quarter financial results.</li>
<li>IBEX Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibex#NASDAQ">IBEX</a>) fell 10.2% to $15.61.</li>
<li>Sensient Technologies Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sxt#NYSE">SXT</a>) fell 9.6% to $56.62 following weak earnings.</li>
<li>Owens Corning (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oc#NYSE">OC</a>) fell 6.9% to $148.43 after the company announced an agreement to acquire Masonite for $3.9 billion.</li>
<li>Magna International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mga#NYSE">MGA</a>) declined 6.5% to $54.89 after the company reported mixed quarterly results.</li>
<li>Illumina, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ilmn#NASDAQ">ILMN</a>) shares declined 2.7% to $139.45 following fourth-quarter results.</li>
</ul>
&nbsp;
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Why Take-Two Interactive Software Shares Are Trading Lower By Around 9%? Here Are Other Stocks Moving In Friday's Mid-Day Session

U.S. stocks traded mixed, with the Nasdaq Composite gaining around 100 points on Friday.
Shares of SPS Commerce, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spsc#NASDAQ">SPSC</a>) rose sharply during Friday&rsquo;s session <a href="https://www.benzinga.com/quote/SPSC/earnings">following upbeat results</a>.
SPS Commerce posted adjusted earnings of 75 cents per share, beating market estimates of 69 cents per share. The company&rsquo;s quarterly sales came in at $144.97 million versus expectations of $143.09 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
SPS Commerce shares jumped 10.2% to $202.57 on Friday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Masonite International Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/door#NYSE">DOOR</a>) gained 34.5% to $129.99 after Owens Corning announced it will acquire the company for $3.9 billion.</li>
<li>Cloudflare, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/net#NYSE">NET</a>) jumped 23.5% to $111.49 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance.</li>
<li>CleanSpark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) shares rose 22% to $12.81 after the company reported a year-over-year increase in first-quarter GAAP EPS and better-than-expected sales results.</li>
<li>Centessa Pharmaceuticals plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnta#NASDAQ">CNTA</a>) gained 20.5% to $8.99. Centessa Pharmaceuticals will present additional 52-weeks continuous treatment data from third year ongoing Phase 2a study of SerpinPC for treatment of hemophilia at 17th Annual Congress of European Association for Haemophilia and Allied Disorders.</li>
<li>IGM Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/igms#NASDAQ">IGMS</a>) climbed 19.2% to $15.44.</li>
<li>Natural Grocers by Vitamin Cottage, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ngvc#NYSE">NGVC</a>) rose 18.2% to $17.51 following quarterly results.</li>
<li>Soho House &amp; Co Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shco#NYSE">SHCO</a>) surged 15.7% to $5.79. Soho House announced its board evaluated certain strategic transactions in the fall of 2023.</li>
<li>Matrix Service Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtrx#NASDAQ">MTRX</a>) gained 13.1% to $12.82.</li>
<li>Central Garden &amp; Pet Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cent#NASDAQ">CENT</a>) gained 10.4% to $43.03. Central Garden &amp; Pet reported better-than-expected first-quarter financial results.</li>
<li>Impinj, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pi#NASDAQ">PI</a>) rose 10.2% to $117.18 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates.</li>
<li>Blue Owl Capital Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/owl#NYSE">OWL</a>) gained 8.8% to $17.83 following upbeat results.</li>
<li>Ocular Therapeutix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ocul#NASDAQ">OCUL</a>) shares surged 8.2% to $5.44. B of A Securities analyst Tazeen Ahmad initiated coverage on Ocular Therapeutix with a Buy rating and announced a price target of $15.</li>
<li>Mueller Water Products, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mwa#NYSE">MWA</a>) rose 8% to $14.99 following upbeat results.</li>
<li>UiPath Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/path#NYSE">PATH</a>) climbed 7.4% to $26.16.</li>
<li>Lumentum Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lite#NASDAQ">LITE</a>) gained 7.4% to $49.10. Lumentum Holdings recently posted upbeat earnings.</li>
<li>Power Integrations, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/powi#NASDAQ">POWI</a>) rose 7.1% to $83.87 following better-than-expected earnings.</li>
<li>C3.ai, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ai#NYSE">AI</a>) gained 7% to $28.74.</li>
<li>Arvinas, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/arvn#NYSE">ARVN</a>) climbed 6.6% to $51.49.</li>
<li>DigitalOcean Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/docn#NYSE">DOCN</a>) gained 6.6% to $39.15.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37032577/top-5-health-care-stocks-that-are-preparing-to-pump-in-february"> Top 5 Health Care Stocks That Are Preparing To Pump In February</a>

WIIM

Central Garden & Pet shares are trading higher after the company reported better-than-expected Q1 financial results.

Guidance

Central Gardens& Pet Sees FY24 Adj. EPS $2.50 Or Better Vs $2.55 Est.

Central Garden &amp; Pet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENT#NASDAQ">CENT</a>) reported its Q1 earnings results on Wednesday, February 7, 2024 at 04:02 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Central Garden &amp; Pet beat estimated earnings by 105.88%, reporting an EPS of $0.01 versus an estimate of $-0.17.
Revenue was up $6.87 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.03 which was followed by a 9.94% drop in the share price the next day.
Here's a look at Central Garden &amp; Pet's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.07</td>
<td>1.45</td>
<td>0.94</td>
<td>-0.17</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.10</td>
<td>1.75</td>
<td>0.90</td>
<td>-0.16</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>735.32M</td>
<td>1.03B</td>
<td>899.17M</td>
<td>620.30M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>750.15M</td>
<td>1.02B</td>
<td>909.00M</td>
<td>627.66M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Central Garden &amp; Pet <a href="https://www.benzinga.com/quote/CENT/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Central Garden & Pet: Q1 Earnings Insights

Central Garden &amp; Pet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENT#NASDAQ">CENT</a>) reported quarterly earnings of $0.01 per share which beat the analyst consensus estimate of $(0.17) by 105.88 percent. This is a 106.25 percent increase over losses of $(0.16) per share from the same period last year. The company reported quarterly sales of $634.53 million which beat the analyst consensus estimate of $619.95 million by 2.35 percent. This is a 1.09 percent increase over sales of $627.66 million the same period last year.