Earnings Preview For Central Garden & Pet
Portfolio Pulse from Benzinga Insights
Central Garden & Pet (NASDAQ:CENT) is scheduled to release its quarterly earnings report on February 7, 2024. Analysts predict an EPS of $-0.17. The company's past earnings performance shows mixed results with both beats and misses compared to estimates, leading to varied stock price reactions. Shares are currently trading at $46.36, reflecting a 6.06% increase over the last 52 weeks. Investors are keenly awaiting the report and guidance for future quarters.
February 06, 2024 | 2:01 pm
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NEUTRAL IMPACT
Central Garden & Pet is expected to report an EPS of $-0.17 for the upcoming quarter. Historical performance shows variability in stock price reactions post-earnings announcements.
Given the mixed historical earnings performance and the current positive year-to-date stock performance, the short-term impact on CENT's stock price is uncertain. The company's ability to beat the EPS estimate and provide positive future guidance could influence the stock positively, while a miss or negative guidance could lead to a decrease in stock price. However, the historical data shows that the stock's reaction to earnings reports can be unpredictable, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100