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.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100