Central Garden & Pet On Wednesday Reported Q3 EPS $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 the previous year.
August 04, 2023 | 2:10 pm
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Central Garden & Pet's Q3 earnings beat estimates but sales missed, which may have mixed effects on the stock.
Central Garden & Pet's earnings beat estimates, which is generally positive for the stock. However, the company's sales missed estimates, which is typically negative. The net effect on the stock is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100