Central Garden & Pet Sees FY24 Adj. EPS $2.00 Or Better Vs $2.19 Est.
Portfolio Pulse from Benzinga Newsdesk
Central Garden & Pet has announced that it expects its FY24 adjusted EPS to be $2.00 or better, which is below the estimated $2.19.
August 07, 2024 | 8:05 pm
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NEGATIVE IMPACT
Central Garden & Pet (CENT) has projected its FY24 adjusted EPS to be $2.00 or better, which is below the market estimate of $2.19. This could lead to a negative short-term impact on the stock price as the guidance falls short of expectations.
The company's guidance for FY24 adjusted EPS is below market expectations, which typically results in a negative reaction from investors, leading to a potential decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Central Garden & Pet (CENTA) has projected its FY24 adjusted EPS to be $2.00 or better, which is below the market estimate of $2.19. This could lead to a negative short-term impact on the stock price as the guidance falls short of expectations.
The company's guidance for FY24 adjusted EPS is below market expectations, which typically results in a negative reaction from investors, leading to a potential decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100