Recap: Central Garden & Pet Q1 Earnings
Portfolio Pulse from Benzinga Insights
Central Garden & Pet (NASDAQ:CENTA) reported Q1 earnings, surpassing estimated earnings by 105.88% with an EPS of $0.01 versus an estimate of $-0.17. Revenue increased by $6.87 million from the same period last year. Despite beating EPS estimates in the past, such performance was previously followed by a slight drop in share price.

February 07, 2024 | 9:35 pm
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CENTA reported a significant beat on Q1 earnings with an EPS of $0.01 against an estimate of $-0.17 and a revenue increase of $6.87M from last year.
CENTA's substantial beat on earnings estimates and revenue increase suggests a positive outlook, potentially leading to a short-term increase in stock price. However, historical data shows that past earnings beats were followed by slight drops in share price, indicating that investor reactions can be unpredictable.
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IMPORTANCE 90
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