Recap: Central Garden & Pet Q4 Earnings
Portfolio Pulse from Benzinga Insights
Central Garden & Pet (NASDAQ:CENTA) 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. Despite beating EPS estimates last quarter, the share price dropped by 0.3% the following day. The company's past earnings performance shows a mixed track record of beating and missing EPS and revenue estimates.
November 20, 2023 | 9:35 pm
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Central Garden & Pet reported a strong Q4 with EPS beating estimates by 42.86% and a significant year-over-year revenue increase. However, past performance indicates that beating estimates does not always lead to a positive share price movement.
While the earnings beat and revenue increase are positive, the historical share price reaction to past earnings beats suggests a cautious outlook. The market may have already priced in the earnings beat, or there may be other factors influencing investor sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100