Central Garden & Pet Continues To Expect 2024 Adj. EPS $2.00+ ($2.50+ Before Feb, 2024 Dividend)
Portfolio Pulse from Benzinga Newsdesk
Central Garden & Pet (CENT) has reaffirmed its expectation for adjusted earnings per share (EPS) to be over $2.00 for the year 2024. This projection comes after a previous forecast, made before February 2024, which anticipated adjusted EPS to exceed $2.50. The adjustment in expectations suggests a recalibration of the company's financial outlook.
May 08, 2024 | 8:27 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Central Garden & Pet has updated its 2024 adjusted EPS forecast to over $2.00, down from a previous forecast of over $2.50 before February 2024.
The adjustment in CENT's earnings forecast, especially a reduction from the previously higher expectation, could lead to negative investor sentiment in the short term. This revision indicates potential challenges or recalibrated expectations that might not align with initial investor optimism, potentially impacting the stock negatively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100