Central Garden & Pet Q3 Adj $1.75 Beats $1.45 Estimate, Sales $1.02B Miss $1.03B Estimate
Portfolio Pulse from Benzinga Newsdesk
Central Garden & Pet (NASDAQ:CENT) reported Q3 earnings of $1.75 per share, beating the analyst consensus estimate of $1.45 by 20.69%. This is a 25.9% increase from the same period last year. However, the company's quarterly sales of $1.02 billion missed the analyst consensus estimate of $1.03 billion by 0.68%, a 0.79% increase from last year.
August 04, 2023 | 12:05 pm
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Central Garden & Pet beat Q3 earnings estimates but missed on sales. Earnings per share were $1.75, up 25.9% YoY, while sales were $1.02B, missing estimates by 0.68%.
Central Garden & Pet's earnings beat estimates, which is positive for the stock. However, the company missed on sales, which is negative. These two factors could offset each other, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100