Central Garden & Pet: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Central Garden & Pet (NASDAQ:CENT) reported Q4 earnings with an EPS of $0.1, surpassing the estimate of $0.07 by 42.86%. Revenue increased by $42.70 million compared to the same period last year. The company had previously beaten EPS estimates last quarter, which resulted in a 15.22% share price increase the following day. Historical earnings performance shows mixed results over the past four quarters.
November 20, 2023 | 9:05 pm
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Central Garden & Pet reported a positive Q4 earnings surprise with an EPS of $0.1, beating estimates by 42.86% and showing a revenue increase from the previous year.
Given CENT's history of stock price increase following a positive earnings surprise last quarter, and the significant beat on EPS estimates this quarter, it is likely that the stock will experience a positive short-term impact. The revenue growth compared to the same period last year further supports a positive outlook.
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IMPORTANCE 90
RELEVANCE 100